3 July 2001, 11:54  US Personal Income Up 0.2%

The U.S. personal income report showed the economy remains on track as consumers spend, the Commerce Department reported Monday. May Personal Income came in at +0.2% and personal income expenditures at +0.5%, within the range of expectations. The median estimates for the data were +0.3% PI and +0.4% PCE in a Market News International poll of economists. Income matched the slow 0.2% pace of April as manufacturing payrolls fell $4.8 billion with no special factors noted. Wages and salaries were up just 0.2% overall.

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