The following is the unedited transcript of the news release from the Bureau of Economic Analysis.

Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $45.7 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $68.3 billion, or 0.7 percent. In September, personal income increased $20.7 billion, or 0.2 percent, DPI increased $21.3 billion, or 0.2 percent, and PCE decreased $60.3 billion, or 0.6 percent, based on revised estimates.

Real disposable income increased 0.2 percent in October, compared with an increase of 0.1 percent in September. Real PCE increased 0.4 percent, in contrast to a decrease of 0.7 percent.

Wages and salaries

Private wage and salary disbursements increased $2.1 billion in October, in contrast to a decrease of $6.2 billion in September. Goods-producing industries'' payrolls decreased $3.3 billion, compared with a decrease of $6.8 billion; manufacturing payrolls decreased $3.6 billion, compared with a decrease of $0.3 billion. Services-producing industries'' payrolls increased $5.4 billion, compared with an increase of $0.6 billion. Government wage and salary disbursements increased $0.6 billion, in contrast to a decrease of $1.7 billion.

Other personal income

Supplements to wages and salaries increased $1.3 billion in October, compared with an increase of $0.4 billion in September.

Proprietors'' income increased $10.0 billion in October, compared with an increase of $2.5 billion in September. Farm proprietors'' income increased $4.6 billion, in contrast to a decrease of $1.4 billion. Non-farm proprietors'' income increased $5.4 billion, compared with an increase of $3.9 billion.

Rental income of persons increased $4.3 billion in October, compared with an increase of $5.2 billion in September. Personal income receipts on assets (personal interest income plus personal dividend income) increased $4.8 billion, in contrast to a decrease of $2.0 billion. Personal current transfer receipts increased $7.2 billion, compared with an increase of $21.6 billion.

Contributions for government social insurance -- a subtraction in calculating personal income – increased $0.2 billion in October, in contrast to a decrease of $0.9 billion in September.

Personal current taxes and disposable personal income

Personal current taxes decreased $15.6 billion in October, compared with a decrease of $0.7 billion in September. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $45.7 billion, or 0.4 percent, in October, compared with an increase of $21.3 billion, or 0.2 percent in September.

Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $65.8 billion in October, in contrast to a decrease of $60.6 billion in September. PCE increased $68.3 billion, in contrast to a decrease of $60.3 billion.

Personal saving -- DPI less personal outlays -- was $490.3 billion in October, compared with $510.4 billion in September. Personal saving as a percentage of disposable personal income was 4.4 percent in October, compared with 4.6 percent in September. For a comparison of personal saving in BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s flow of funds accounts and data on changes in net worth, go to http://www.bea.gov/national/nipaweb/Nipa-Frb.asp.

Real DPI and real PCE

Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in October, compared with an increase of 0.1 percent in September.

Real PCE -- PCE adjusted to remove price changes -- increased 0.4 percent in October, in contrast to a decrease of 0.7 percent in September. Purchases of durable goods increased 2.0 percent, in contrast to a decrease of 8.7 percent. Purchases of motor vehicles and parts accounted for the increase in October and accounted for most of the decrease in September. The September decrease reflected the impact of the CARS program (popularly called “cash for clunkers”), which had boosted motor vehicle sales in July and in August. For further information on how the CARS program is reflected in the GDP statistics, please see the FAQ at BEA’s Web site, www.bea.gov, “How will the federal Consumer Assistance to Recycle and Save Act of 2009 (i.e., the CARS program) be reflected in the National Income and Product Accounts (NIPAs)?” Purchases of nondurable goods increased 0.2 percent in October, compared with an increase of 0.6 percent in September. Purchases of services increased 0.3 percent, compared with an increase of 0.2 percent.

PCE price index -- The price index for PCE increased 0.3 percent in October, compared with an increase of 0.1 percent in September. The PCE price index, excluding food and energy, increased 0.2 percent, compared with an increase of 0.1 percent.

Revisions