Article

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Personal Income and Outlays, October 2022

BEA News: Personal Income and Outlays, October 2022

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.

The full text of the release can be found at: www.bea.gov/news/2022/personal-income-and-outlays-october-2022

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.