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Personal income increased $60.2 billion, or 0.5 percent, and disposable
personal income (DPI) increased $63.9 billion, or 0.7 percent, in July,
according to the Bureau
of Economic Analysis. Personal consumption expenditures (PCE)
increased $78.7 billion, or 0.8 percent. In June, personal income
increased $60.0 billion, or 0.6 percent, DPI increased $47.8 billion, or
0.5 percent, and PCE increased $36.6 billion, or 0.4 percent, based on
revised estimates.
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- Private wage and salary disbursements increased $33.9 billion in
July, compared with an increase of $32.8 billion in June.
- Supplements to wages and salaries increased $8.1 billion in July,
compared with an increase of $6.9 billion in June.
- Rental income of persons increased $2.5 billion in July, in contrast
to a decrease of $5.7 billion in June.
- Personal outlays -- PCE, personal interest payments, and personal
current transfer payments increased $79.7 billion in July, compared
with an increase of $41.0 billion in June.
- Personal saving -- DPI less personal outlays -- was a negative $83.5
billion in July, compared with a negative $67.6 billion in June.
- Real DPI -- DPI adjusted to remove price changes -- increased 0.3
percent in July, compared with an increase of 0.4 percent in June.
- PCE price index -- The PCE price index increased 0.3 percent in
July, compared with an increase of 0.1 percent in June. The PCE price
index, excluding food and energy, increased 0.1 percent, compared with
an increase of 0.2 percent.
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