U.S. CONSUMER SPENDING AND INCOME ROSE IN JULY

Key Points:

  • U.S. consumer spending rose by 0.3% in July, matching economists’ expectations.
  • Personal income increased by 1.1%, or by $225.9 Billion, in July.
  • The overall personal consumption expenditures price index rose 0.4% in July and is up 4.2% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in July and is up 3.6% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source