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US Consumer spending and personal income increased in June

04 Aug, 2008 @ 07:45 am ET | written by FXStreet


FXstreet.com (Barcelona) - Consumer spending has increased in the US in June and same accounts for personal income, which edged up against expectations, according to figures released by the US Bureau of Economic Analysis.

Personal income has increased 0.1% in June, against the market expectations of a 0.1% decline. Personal spending has increased 0.6% in June, following a 0.8% increase in May.

Personal Consumption Expenditures Price Index, excluding food and energy, the Core PCE has increased 0.3% in June, following a 0.2% increase in May, year on year, core PCE has increased 2.3%.

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