Date: September 2, 2019
In July, personal income rose $23.9 billion (0.1%) in the U.S. according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $44.4 billion (0.3%) and personal consumption expenditures (PCE) grew $93.1 billion (0.6%).
Real DPI rose 0.1% in July and Real PCE climbed 0.4%. The PCE price index rose 0.2%. The PCE price index less food and energy increased 0.2%.
The growth in personal income in July were primarily attributable to increases in compensation of employees and government social benefits to persons that were partially tempered by a decline in personal interest income.
Personal outlays improved $96.4 billion in July while personal saving was $1.27 trillion and the personal saving rate, personal saving as a percentage of disposable personal income, was 7.7%.
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