Personal Income increased 0.4% in June, Spending increased 0.4%

The BEA released the Personal Income and Outlays report for June: Personal income increased $71.7 billion (0.4 percent) in June according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $65.3 billion (0.4 percent) and personal consumption expenditures (PCE) increased $57.1 billion (0.4 percent). Real PCE increased 0.3 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent. The June PCE price index increased 2.2 percent year-over-year and the June PCE price index,......(read more)

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