U.S. May Personal Income Rose 0.3%; U.S. Consumer Spending Remained Unchanged
(For May 2011)
U.S. personal income rose 0.3% in May vs. 0.4% consensus and revised (down 0.1%) 0.3% rise in April. On y-o-y level personal income is up 4.2%.
U.S. consumer spending was unchanged in May vs. 0.1% consensus and 0.4% april reading. On y-o-y level consumer spending is up 4.7%.
U.S. personal savings as a percentage of disposable income rose from 4.9% to 5.o.%.