U.S. Personal Income & Consumer Spending Rose In July

U.S. personal income rose 0.2% in July vs. 0.3% consensus and revised 0.0% June reading. On YoY level the personal income is up 3.0%.

U.S. consumer spending also rose 0.4% in July vs. 0.3% consensus and 0.o% prior reading. On YoY level the consumer spending is up 3.4%.

U.S. personal savings as a percentage of disposable income fell 0.3% to 5.9%.

Chart 1. U.S. Personal Income

Source: BEA

Chart 2. U.S. Consumer Spending

Source: BEA

Chart 3. U.S. Personal Savings – Percentage Of Disposable Income

Source: BEA

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This entry was posted on Monday, August 30th, 2010 at 7:15 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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