US: Personal income increased $28.6 billion (0.2%) in August

"Personal income increased $28.6 billion (0.2 percent) in August" announced the Bureau of Economic Analysis on Friday.

Key quotes:

• The increase in personal income in August primarily reflected an increase in government social benefits to persons and compensation of employees.
• Disposable personal income (DPI) increased $14.9 billion (0.1 percent) and personal consumption expenditures (PCE) increased $18.0 billion (0.1 percent).
• Real DPI decreased 0.1 percent in August and Real PCE decreased 0.1 percent.
• The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
• Real PCE spending in August decreased $8.4 billion due to a decrease of $20.2 billion in spending for goods that was partially offset by a $9.2 billion increase in spending for services.