Consumer Spending on Durable Goods Rises in June

Durable Goods Aug 2Personal income increased 0.2 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.3 percent in June after increasing 0.2 percent in May.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in June, the same increase as in May.

Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in June after remaining flat in May.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in June after increasing 0.2 percent in May. Spending on durable goods increased 0.4 percent in June after decreasing 0.1 percent in May.

PCE prices increased 0.1 percent in June after increasing 0.2 percent in May. Excluding food and energy, PCE prices increased 0.1 percent in June after increasing 0.2 percent in May.

Personal saving rate
Personal saving as a percent of DPI was 5.3 percent in June and 5.5 percent in May.

Real DPI and Real Consumer Spending Aug 2

For more information, read the full report.


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