4 August 2009, 18:06  US personal income -1,3%

US personal income fell 1.3 percent in June; consumer spending climbed 0.4 percent in June from the prior month, largely driven by rising gasoline prices. Spending in May rose 0.1 percent revised down from an originally reported 0.3 per cent gain; personal saving as a percentage of disposable personal income - - the personal savings rate - - was 4.6 percent in June, compared 6.2 percent in May, 4.7 percent in April and 3.7 percent during March. Personal income fell 1.3 percent in June. Wages and salaries, the largest component of personal income, fell 0.4 percent in June after decreasing 0.1 percent in May, according to the Department of Commerce's Bureau of Economic Anal;ysis. Real disposable personal income (DPI), income adjusted for inflation and taxes, decreased 1.8 percent in June. The June change in real disposable personal income reflects selected provisions of the American Recovery and Reinvestment Act (ARRA) of 2009, which boosted personal current transfer receipts in May much more than in June. Excluding those effects, real DPI decreased 0.5 percent in June.

© 1999-2024 Forex EuroClub
All rights reserved