EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Friday, October 30, 2015
BEA 15—51


* See the navigation bar at the right side of the news release text for links to data tables,
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Technical: James Rankin (202) 606-5301 (Personal Income) piniwd@bea.gov
  Harvey Davis (202) 606-5302 (Personal Consumption Expenditures) pce@bea.gov
Media: Jeannine Aversa (202) 606-2649  
PERSONAL INCOME AND OUTLAYS, SEPTEMBER 2015
Personal income increased $18.6 billion, or 0.1 percent, and disposable personal income (DPI) increased
$19.2 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal
consumption expenditures (PCE) increased $15.6 billion, or 0.1 percent.  In August, personal income
increased $54.9 billion, or 0.4 percent, DPI increased $49.5 billion, or 0.4 percent, and PCE increased
$44.2 billion, or 0.4 percent, based on revised estimates.

Real DPI increased 0.2 percent in September, compared with an increase of 0.4 percent in August.  Real
PCE increased 0.2 percent, compared with an increase of 0.4 percent.

                                        2015
                                        May             June            July            Aug.            Sept.
                                                       (Percent change from preceding month)
Personal income, current dollars        0.4             0.4             0.4             0.4             0.1
Disposable personal income:
 Current dollars                        0.4             0.4             0.5             0.4             0.1
 Chained (2009) dollars                 0.1             0.2             0.4             0.4             0.2
Personal consumption expenditures:
 Current dollars                        0.9             0.3             0.3             0.4             0.1
 Chained (2009) dollars                 0.6             0.1             0.2             0.4             0.2

FOOTNOTE._________
Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified.
Month-to-month dollar changes are differences between these published estimates. Month-to-month percent
changes are calculated from unrounded data and are not annualized.  “Real” estimates are in chained (2009) dollars.

This news release is available on BEA’s Web site at www.bea.gov/newsreleases/rels.htm.
__________________

                                Compensation

Wages and salaries decreased $3.7 billion in September, in contrast to an increase of $36.0 billion in August.
Private wages and salaries decreased $7.0 billion, in contrast to an increase of $32.2 billion.  Government
wages and salaries increased $3.3 billion, compared with an increase of $3.8 billion.

Supplements to wages and salaries increased $3.3 billion in September, compared with an increase of $6.4 billion in August.

                                Other personal income

Proprietors' income increased $5.6 billion in September, compared with an increase of $0.6 billion in August.
Farm proprietors' income increased $2.6 billion, the same increase as in August.  Nonfarm proprietors' income
increased $3.1 billion in September, in contrast to a decrease of $2.0 billion in August.

Rental income of persons increased $2.5 billion in September, compared with an increase of $1.8 billion in
August.  Personal income receipts on assets (personal interest income plus personal dividend income) increased
$5.7 billion, compared with an increase of $5.1 billion.  Personal current transfer receipts increased $4.0 billion,
compared with an increase of $9.5 billion.

Contributions for government social insurance -- a subtraction in calculating personal income -- decreased
$1.0 billion in September, in contrast to an increase of $4.4 billion in August.

                                Personal current taxes and disposable personal income

Personal current taxes decreased $0.6 billion in September, in contrast to an increase of $5.4 billion in August.
Disposable personal income (DPI) -- personal income less personal current taxes -- increased $19.2 billion, or
0.1 percent, compared with an increase of $49.5 billion, or 0.4 percent.

                                Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased
$13.7 billion in September, compared with an increase of $42.3 billion in August.  PCE increased $15.6 billion,
compared with an increase of $44.2 billion.

Personal saving -- DPI less personal outlays -- was $642.8 billion in September, compared with $637.3 billion
in August.   The personal saving rate -- personal saving as a percentage of disposable personal income -- was
4.8 percent, compared with 4.7 percent.  For a comparison of personal saving in BEA's national income and product
accounts with personal saving in the Federal Reserve Board's financial accounts of the United States and data
on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp.

                                Real DPI, real PCE, and price index

Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in September, compared with an increase
of 0.4 percent in August.

Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in September, compared with an increase
of 0.4 percent in August.  Purchases of durable goods increased 0.6 percent in September, the same increase as in
August.  Purchases of nondurable goods decreased 0.3 percent in September, in contrast to an increase of 0.3 percent
in August.   Purchases of services increased 0.3 percent, compared with an increase of 0.4 percent.

The price index for PCE decreased 0.1 percent in September, compared with a decrease of less than 0.1 percent in
August.  The PCE price index, excluding food and energy, increased 0.1 percent in September, the same increase as in August.

The September price index for PCE increased 0.2 percent from September a year ago.  The September PCE price index,
excluding food and energy, increased 1.3 percent from September a year ago.

                                Revisions

Estimates have been revised for July and August.  Changes in personal income, in current-dollar and chained (2009) dollar
DPI, and in current-dollar and chained (2009) dollar PCE for July and August -- revised and as published in last month's
release -- are shown below.

                                                                Change from preceding month
                                        July                                      August
                                        Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                                       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                            69.6      66.5        0.5       0.4       52.5      54.9        0.3       0.4
Disposable personal income:
 Current dollars                            63.9      63.5        0.5       0.5       47.1      49.5        0.4       0.4
 Chained (2009) dollars                     47.7      47.3        0.4       0.4       42.5      46.9        0.3       0.4
Personal consumption expenditures:
 Current dollars                            45.7      41.2        0.4       0.3       54.9      44.2        0.4       0.4
 Chained (2009) dollars                     31.9      27.8        0.3       0.2       49.5      41.9        0.4       0.4

BEA's national, international, regional, and industry estimates; BEA news releases; and related articles in the Survey
of Current Business are available for free on BEA's Web site at www.bea.gov.  The entire historical time series for
these estimates can be accessed in BEA's Interactive Data Application at www.bea.gov/itable/.  Stay informed about
BEA developments by signing up for our email subscription service or following us on Twitter @BEA_News.  You also
can access BEA data by registering for our Data Application Programming Interface, or API at www.bea.gov/API/signup/index.cfm.

BEA's news release schedule is available at www.bea.gov/newsreleases/2015rd.htm.

                                *       *       *

Next release - November 25, 2015 at 8:30 A.M. EST for Personal Income and Outlays for October

                                Personal Income and Outlays Release Dates for 2016

December 2015...February 1              April 2016...May 31             August 2016......September 30
January 2016....February 26             May 2016.....June 29         	September 2016...October 31
February 2016...March 28		June 2016....August 2	     	October 2016.....November 30
March 2016......April 29                July 2016....August 29          November 2016....December 22