Home | News & Opinion | Consumer spending muted in June

Consumer spending muted in June

By
Font size: Decrease font Enlarge font
Consumer spending muted in June

After large jump in May, spending in June moderates.

Consumer spending increased $25.9 billion, or 0.2%, in June, according to the Bureau of Economic Analysis. This followed a downwardly revised increase of 0.7% in May (from the previously-reported 0.9%).

The increase was in line with analysts’ expectations.

Personal income increased $68.1 billion, or 0.4%, and disposable personal income (DPI) increased $60.6 billion, or 0.5%, during the month. In May, personal income increased $66.3 billion, or 0.4%, and DPI increased $53.8 billion, or 0.4%.

Personal saving - DPI less personal outlays -- was $646.3 billion in June, compared with $616.2 billion in May. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.8% in June, compared with 4.6% in May.

The full report can be found here.

 

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha