Statement from Commerce Under Secretary Rebecca Blank on Personal Income and Outlays in August 2010
Washington, DC – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for August 2010. Personal income increased 0.5 percent in August. Real disposable personal income increased 0.2 percent. Real consumer spending also increased 0.2 percent in August and the July-August average stood 1.6 percent at an annual rate above the second-quarter average.