Consumer Spending in US Decline 0.1% in July


US personal consumption expenditures dropped by 0.1 percent in July as compared to 0.4 percent increase reported in June. It was the first decline in six months.

Personal income increased $28.6 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.7 billion, or 0.1 percent. In June, personal income increased $67.1 billion, or 0.5 percent, DPI increased $62.9 billion, or 0.5 percent.

Private wages and salaries increased $12.9 billion in July, compared with an increase of $25.6 billion in June. Goods-producing industries' payrolls increased $0.7 billion, compared with an increase of $8.8 billion; manufacturing payrolls were unchanged in July and increased $5.1 billion in June.  Services-producing industries' payrolls increased $12.3 billion in July, compared with an increase of $16.8 billion in June.  Government wages and salaries increased $1.7 billion, compared with an increase of $1.8 billion.

Consumer Spending in US Decline 0.1% in July


Bureau of Economic Analysis | anna@tradingeconomics.com
8/29/2014 1:40:49 PM