U.S. Personal Income & Consumer Spending Unchanged In June
U.S. personal income was reported unchanged in June vs. 0.2% consensus and revised 0.3% May reading. On YoY level the personal income is up 2.6%.
U.S. consumer spending also remained unchanged in June vs. 0.1% consensus and 0.1% prior reading. On YoY level the consumer spending is up 4.6%.
U.S. personal savings as a percentage of disposable income rose 0.1% to 6.4%.
Chart 1. Personal Income
Source: BEA
Chart 2. Consumer Spending
Source: BEA
Chart 3. U.S. Personal Savings – Percentage Of Disposable Income
Source: Bloomberg