Gains in September personal spending

cash out

cash outBy Na Zhao | NAHB

Personal consumption expenditures rose 1% in September, according to the most recent data release from the Bureau of Economic Analysis. The strong gains were mainly due to higher spending on new motor vehicles and household utilities in September. Adjusted for inflation, personal spending was up by 0.6%, after a 0.1% decline in August. Personal income climbed 0.4% in September, largely driven by strong gains in wages and salaries.Disposable personal income, income remaining after deducting personal income taxes, was virtually unchanged after accounting for inflation in September. Nevertheless, disposable personal income is 1.3% higher than a year ago.

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

How manufacturing in Pinal County is gaining momentum

By Kyle Backer | AZ Big Media Pinal County, Arizona’s third largest by population, has experienced a manufacturing renaissance in recent years. Located between the state’s two biggest cities, the municipalities in Pinal County have become prime targets for businesses looking to locate in the Grand Canyon State — especially manufacturers.  “Pinal County is the fastest growing area in the state for jobs and people,” explains Sandra Watson, president and CEO of the Arizona Commerce Authority (ACA). “From July 2020 to July 2021, Pinal County added just shy of 20,000 residents, which is nearly 5% growth. And with some of the most recent announcements, we’ve added 3,500 people that are now newly employed in the manufacturing sector in Pinal County, and there are

Read More »
November 2017
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930