St. Paul, MN (November 14, 2019) — According to Steven Kline, Jr., Chief Data Officer for Gardner Business Media, the month-over-month rate of income growth for September was 3.5%, which was up significantly from 3.1% in August.
In September 2019, real disposable income was $15,136 billion, which was its highest level ever. The month-over-month rate of growth was 3.5%, which was up significantly from 3.1% in August and the fastest growth since December 2018. September was the second consecutive month of accelerating growth.
The annual rate of growth remained at 3.4%, which was its slowest rate of growth since March 2018. Additionally, it was down from its peak rate of growth of 4.0% in December 2018. While the month-over-month rate of growth has accelerated, it probably has not accelerated enough for the annual rate of growth in disposable income to grow faster in the months ahead.
Kline says to keep in mind that changes in real disposable income typically leads capital equipment consumption by almost 24 months.
Matsuura Machinery USA recently announced the 2019 Year End Sales Event through the company’s exclusive distributor network. Customers are encouraged to contact their local Matsuura Distributor for information and availability.
- Most Matsuura Models in Inventory Included
- Special Financing Options Available
- Act now to take advantage of substantial tax savings and lower your cost of ownership
- Savings Subject to Inventory
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.