U.S. Personal Income Rose 0.3% In July; U.S. Consumer Spending Rose 0.8%

August 29th, 2011 by Belisarius

(For July 2011)

U.S. personal income rose 0.3% in July vs. 0.3% consensus and 0.2% rise in June (revised up 0.1%). On y-o-y level personal income is up 5.3%.

U.S. consumer spending rose 0.8% in July vs. 0.5% consensus and -0.1% June reading (revised down 0.1%).

U.S. personal savings as a percentage of disposable income fell from 5.5% to 5.0.%.

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