Consumer Spending Rose by 1.9% in July, Income Up 0.4%

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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%.