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
Chart 2. U.S. Consumer Spending
Chart 3. U.S. Personal Savings – Percentage Of Disposable Income