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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 27, 2019
US PERSONAL INCOME AND OUTLAY, AUGUST 2019

The US Bureau of Economic Analysis reports that US personal income increased $73.5 billion, or 0.4 per cent in August 2019 (seasonally adjusted levels at annualized rates).

"The increase in personal income in August primarily reflected increases in wages and salaries, nonfarm proprietors’ income, and personal current transfer receipts that were partially offset by a decrease in personal interest income."

US personal disposable income increased $77.7 billion, or 0.5 per cent in August 2019 to $16.6 trillion.

In real per capita terms, US disposable personal income increased $172.0 billion (Chained 2012 dollars) or 0.4 per cent in August 2019.

US personal consumption expenditures increased $20.1 billion, or 0.1 per cent in August 2019

Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) increased $55.4 billion in August 2019 to $1.347 trillion.

The personal savings rate was 8.1 per cent of disposable income.

Personal Outlays increased $22.3 billion in August 2019.

Source: US Bureau of Economic Analysis 

Press Release and Table 2.6. Personal Income and Its Disposition, Monthly NIPA



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