Consumer Spending Rose by 1.9% in July, Income Up 0.4%
Washington, DC, August 28, 2020-Personal income increased $70.5 billion (0.4%) in July, according to estimates released by the Bureau of Economic Analysis.
Disposable personal income (DPI) increased $39.9 billion (0.2%), and personal consumption expenditures (PCE) increased $267.6 billion (1.9%).
Real DPI decreased 0.1% in July, and Real PCE increased 1.6%. The PCE price index increased 0.3%. Excluding food and energy, the PCE price index increased 0.3%.