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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
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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