Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income ticked up 0.2 percent in July, after being unchanged in June. Yet, its 12-month growth rate rose from 2.4 percent in June to 3.0 percent. Nominal disposable income rose 0.2 percent in July. However, after accounting for price effects, “real” disposable personal income slipped 0.1 percent during the month. Over the past year, the series is up 1.4 percent. Real personal consumption rose 0.2 percent during the month, its third straight monthly increase, pulling its 3-month annualized growth rate up from 1.1 percent to 2.1 percent, slightly above its longer-run (12-month) growth rate of 1.9 percent. With the increase in consumption outpacing disposable income growth, the personal saving rate ticked down from 6.2 percent to 5.9 percent in July.