Personal Income and Outlays Increased in August

 

Real disposable income decreased 0.2 percent in August, compared with a decrease of 0.1 percent in July. Real PCE increased 0.9 percent, compared with an increase of 0.2 percent.

Personal income increased $19.3 billion, or 0.2 percent and disposable personal income (DPI)  increased $15.5 billion or 0.1 percent, in August. This good news means that more consumers may  have money to invest on their landscapes.

Personal consumption expenditures (PCE) increased $129.6 billion, or 1.3 percent.  In July, personal income increased $19.4 billion or 0.2 percent, DPI decreased $2.0 billion, or less than 0.1 percent. PCE increased $25.2 billion or 0.3 percent, based on revised estimates.

- Courtesy of Bureau of Economic Analysis