EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, Wednesday, November 25, 2015
BEA 15—56


* See the navigation bar at the right side of the news release text for links to data tables,
contact personnel and their telephone numbers, and supplementary materials.


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, OCTOBER 2015
Personal income increased $68.1 billion, or 0.4 percent, and disposable personal income (DPI) increased
$56.8 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis.  Personal
consumption expenditures (PCE) increased $15.2 billion, or 0.1 percent.  In September, personal income
increased $27.4 billion, or 0.2 percent, DPI increased $27.0 billion, or 0.2 percent, and PCE increased
$9.5 billion, or 0.1 percent, based on revised estimates.

Real DPI increased 0.4 percent in October, compared with an increase of 0.3 percent in September.
Real PCE increased 0.1 percent in October, the same increase as in September.

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

BOX.______________
This news release presents revised estimates of wages and salaries, personal taxes, and contributions for
government social insurance for April through June 2015 (second quarter).  These estimates reflect the
incorporation of the most recently available second-quarter wage and salary tabulations from the Quarterly
Census of Employment and Wages (QCEW) from the Bureau of Labor Statistics.
__________________

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 increased $45.0 billion in October, compared with an increase of $2.5 billion in September.
Private wages and salaries increased $43.0 billion, compared with an increase of $1.5 billion.  Government
wages and salaries increased $2.0 billion, compared with an increase of $1.0 billion.

Supplements to wages and salaries increased $6.5 billion in October, compared with an increase of $3.4 billion in September.

                                Other personal income

Proprietors' income increased $4.3 billion in October, compared with an increase of $5.9 billion in September.
Farm proprietors' income decreased $0.4 billion, in contrast to an increase of $3.4 billion.  Nonfarm proprietors'
income increased $4.7 billion, compared with an increase of $2.5 billion.

Rental income of persons increased $5.2 billion in October, compared with an increase of $2.6 billion in September.
Personal income receipts on assets (personal interest income plus personal dividend income) increased $4.7 billion,
compared with an increase of $5.8 billion. Personal current transfer receipts increased $8.0 billion in October,
compared with an increase of $7.2 billion in September.

Contributions for government social insurance -- a subtraction in calculating personal income -- increased $5.5 billion in
October, in contrast to a decrease of $0.1 billion in September

                                Personal current taxes and disposable personal income

Personal current taxes increased $11.4 billion in October, compared with an increase of $0.4 billion in September.
Disposable personal income (DPI) -- personal income less personal current taxes -- increased $56.8 billion, or 0.4 percent,
compared with an increase of $27.0 billion, or 0.2 percent.

                                Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $17.8 billion in
October, compared with an increase of $7.3 billion in September.  PCE increased $15.2 billion, compared with an increase
of $9.5 billion.

Personal saving -- DPI less personal outlays -- was $761.9 billion in October, compared with $722.9 billion in September.
The personal saving rate -- personal saving as a percentage of disposable personal income -- was 5.6 percent, compared
with 5.3 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 0.4 percent in October, compared with an increase of 0.3
percent in September.

Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in October, the same increase as in September.
Purchases of durable goods increased 0.2 percent in October, the same increase as in September.  Purchases of nondurable
goods increased 0.1 percent in October, in contrast to a decrease of 0.2 percent in September.  Purchases of services
increased less than 0.1 percent, compared to an increase of 0.2 percent.

The price index for PCE increased 0.1 percent in October, in contrast to a decrease of 0.1 percent in September.
The PCE price index, excluding food and energy, increased less than 0.1 percent, compared to an increase of 0.2 percent.

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

                                Revisions

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

Estimates of wages and salaries were revised from April through September.  The revision to second-quarter wages and salaries
reflect the incorporation of the most recently available BLS tabulations of second-quarter wages and salaries from the QCEW.
Revised estimates for July, August, and September reflect extrapolation from the revised second-quarter level of wages.  In
addition, revisions to August and September reflect revised BLS employment, hours, and earnings data for those months.

                                                                Change from preceding month
                                        August                                    September
                                        Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                                       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                            54.9      56.0        0.4       0.4       18.6      27.4        0.1       0.2
Disposable personal income:
 Current dollars                            49.5      51.0        0.4       0.4       19.2      27.0        0.1       0.2
 Chained (2009) dollars                     46.9      48.9        0.4       0.4       27.3      32.3        0.2       0.3
Personal consumption expenditures:
 Current dollars                            44.2      40.2        0.4       0.3       15.6       9.5        0.1       0.1
 Chained (2009) dollars                     41.9      38.9        0.4       0.3       23.2      15.6        0.2       0.1

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
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BEA's news release schedule is available at www.bea.gov/newsreleases/2016rd.htm.

                                *       *       *

Next release – December 23, 2015 at 8:30 A.M. EST for Personal Income and Outlays for November

                                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