FX.co ★ US Personal Income Beats Expectations

In September 2025, US personal income climbed by 0.4% month-over-month to reach $26.397 trillion, maintaining the growth observed in August and surpassing the market’s anticipated increase of 0.3%. This development marks the fourth consecutive monthly rise in personal incomes, largely attributed to a 0.4% increase in employee compensation, comprising both a 0.4% rise in wages and an equal increase in wage supplements. Additionally, personal income from assets made a recovery, increasing by 0.6% compared to a prior decline of 0.1%, further bolstering the overall income. Conversely, proprietors' income, including inventory valuation and capital consumption, fell by 0.1% after a previous rise of 0.6%. Rental income from persons with capital consumption adjustments showed slight growth at 0.1%, down from 0.2%, and personal current transfer receipts increased by 0.3%, slower than August’s 0.8% rise. Consequently, disposable personal income grew by 0.3% in September, a slight reduction from the 0.4% increase in August, while real disposable personal income remained steady with a marginal 0.1% rise, unchanged from the previous month.