Disposable Income Growth Accelerates in September
September real disposable income was $12,290 billion dollars (seasonally adjusted at an annual rate). This was an all-time high for real disposable income. In September, disposable income grew 3.4 percent compared with one year ago. This was the fastest rate of month-over-month growth since February. Also, the growth rate from July-September has been slightly faster than the growth rate from March-June. The annual rate of change was 3.4 percent, which was the fastest rate of growth since March 2007.
Real disposable income is one of the earliest leading indicators for the following end markets: aerospace; construction materials; custom processors; electronics/computers/telecommunications equipment; food/beverage processing; forming/fabricating (non-auto); hardware; HVAC; industrial motors/hydraulics/mechanical components; machinery/equipment manufacturing; metalcutting job shops; oil/gas field/mining machinery; power generation; primary metals; and printing.
blog comments powered by Disqus