U.S. Personal Income & Consumer Spending Rose In August
(For August 2010)
U.S. personal income rose 0.5% in August vs. 0.3% consensus and 0.2% July reading. On y-o-y level the personal income is up 3.3%.
Chart 1. U.S. Personal Income
U.S. consumer spending also rose 0.4% in August vs. 0.4% consensus and 0.4% July reading. On y-o-y level the consumer spending is up 2.7%.
Chart 2. U.S. Consumer Spending
U.S. personal savings as a percentage of disposable income fell 0.1% to 5.8%.
Chart 3. U.S. Personal Savings – Percentage Of Disposable Income