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7/30, 2:31 PM (Source: TeleTrader)
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US personal spending up 1% in June

Personal consumption expenditures (PCE) in the United States rose by $155.4 billion, or 1%, in June compared to May, the country's Bureau of Economic Analysis announced in a report published on Friday.

The PCE price index was up 0.5% on a monthly and 4% on an annual basis. Excluding food and energy, the index was 0.4% higher from May, while increasing 3.5% year-over-year.

The report showed that, in June, personal income grew by $26.1 billion, or 0.1%. Disposable personal income (DPI) was virtually the same, while Real PCE rose by 0.5% and Real DPI decreased 0.5% compared to the previous month.

Breaking the News / MS