Economic News Blog
Posted by: Steven Kline, Jr. 3. November 2015

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: aerospaceconstruction materialscustom processorselectronics/computers/telecommunications equipmentfood/beverage processingforming/fabricating (non-auto)hardwareHVACindustrial motors/hydraulics/mechanical componentsmachinery/equipment manufacturingmetalcutting job shopsoil/gas field/mining machinerypower generationprimary metals; and printing.

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