U.S. Personal Income Rose 0.1% In June; U.S. Consumer Spending Fell 0.2%
(For June 2011)
U.S. personal income rose 0.1% in June vs. 0.2% consensus and 0.2% rise in May (revised down 0.1%). On y-o-y level personal income is up 5.0%.
U.S. consumer spending fell 0.2% in June vs. 0.1% consensus and 0.1% May reading (revised up 0.1%). On y-o-y level consumer spending is up 4.4%.
U.S. personal savings as a percentage of disposable income rose from 5.0% to 5.4.%.