US: Personal income decreased $3.5 billion (less than -0.1%) in June
|"Personal income decreased $3.5 billion (less than -0.1 percent) in June," the Bureau of Economic Analysis announced on Tuesday.
Key quotes:
- The decrease in personal income in June primarily reflected decreases in personal dividend income and personal interest income that were partially offset by an increase in compensation of employees
- The June decrease in personal dividend income reflected a return to prior levels after a notable increase in May
- Disposable personal income (DPI) decreased $4.2 billion and personal consumption expenditures (PCE) increased $8.1 billion (0.1 percent)
- Real DPI decreased 0.1 percent in June and Real PCE increased less than 0.1 percent
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