Nick Timiraos: The gap between U.S. GDI and GDP narrows, personal savings rate significantly increased

The latest data shows that the United States' Gross Domestic Income (GDI) has been revised upwards, narrowing the unusual gap between GDI and GDP in recent years. In addition, the personal savings rate has also been significantly increased, adjusted from the previously reported 3.3% to 5.2% in the second quarter, and from 3.8% to 5.4% in the first quarter. This indicates that both US economy and consumer saving conditions are more robust than previously expected.