Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income was up negligibly in June (0.02 percent) following a 0.3 percent gain in May. The 12-month growth rate in personal income now stands at 2.6 percent, below the recent high in March of 3.0 percent. Disposable personal income rose less than 0.1 percent over the month, while nominal consumption expenditures dropped less than 0.1 percent. The personal savings rate (as a percentage of disposable income) rose for the third month in-a-row, from 6.3 percent in May to 6.4 percent in June, and is at its highest since June 2009. After adjusting for price effects, “real” personal income rose 0.2 percent in June after a 0.4 percent increase in May.