See Search Box
lower down this column for searches of Finfacts news pages. Where there may be
the odd special character missing from an older page, it's a problem that
developed when Interactive Tools upgraded to a new content management system.
Welcome
Finfacts is Ireland's leading business information site and
you are in its business news section.
US consumer spending increased in
July according to the Bureau of Economic Analysis today.
Personal income increased
0.3% in July after increasing 0.2% in June. Wages and salaries, the largest
component of personal income increased 0.4% in July after increasing 0.1% in
June.
Private wage and salary disbursements increased $24.3bn in July, compared with an increase of $8.9bn in June. Goods-producing industries' payrolls increased $3.7bn, in contrast to a decrease of $0.3bn; manufacturing payrolls increased $3.6bn, in contrast to a decrease of $0.9bn. Services-producing industries' payrolls increased $20.5bn, compared with an
increase of $9.2bn. Government wage and salary disbursements decreased $0.1bn in July; government wage and salary disbursements were unchanged in June.
Current-dollar disposable
personal income (DPI) rose 0.3% in July after increasing 0.2% in June.
Real DPI, income adjusted for inflation and taxes, decreased
0.1% in July after increasing 0.3% in June.
Real consumer spending, spending adjusted for price changes,
increased 0.5% in July after remaining flat in June. Spending on goods increased
0.4% in July after decreasing 0.2% in June.
PCE prices increased 0.4% in July after decreasing 0.1% in
June. Excluding food and energy, the PCE (personal consumer expenditure) price
index increased 0.2% in July after the same increase in June.
Personal saving rate: Personal saving as a percentage of DPI
was 5.0% in July, compared
with 5.5% in June.
