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U.S.Economy: 
Personal Income Rises 0.2% in September
Author: 123jump.com Staff
123jump.com
Last Update: 8:58 AM ET October 31 2008

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Personal income increased $24.5 billion, or 0.2%, and disposable personal income increased $25.7 billion, or 0.2%, in September, according to the Bureau of Economic Analysis. In August, personal income increased $44.8 billion, or 0.4%, DPI decreased $107.7 billion, or 1%, and PCE increased $4.5 billion, or less than 0.1%, based on revised estimates.

 
Real PCE -- PCE adjusted to remove price changes -- decreased 0.4 percent in September, in contrast to an increase of less than 0.1 percent in August. Purchases of durable goods decreased 2.9 percent, in contrast to an increase of 1.9 percent. Purchases of motor vehicles and parts accounted for most of the decrease in September and more than accounted the increase in August. Purchases of nondurable goods decreased 0.8 percent in September, compared with a decrease of 0.3 percent in August. Purchases of services increased 0.2 percent, in contrast to a decrease of 0.1 percent.

PCE price index - - The price index for PCE increased 0.1 percent in September, compared with an increase of less than 0.1 percent in August. The PCE price index, excluding food and energy increased 0.2 percent in September, the same increase as in August.


Available at:

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
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