Real personal consumption expenditure rose 0.3 percent, mainly due to increases in spending for new motor vehicles and for services that was partially offset by a decrease in spending for nondurable goods.
Real disposable personal income went up 0.4 percent which primarily reflected increases in wages and salaries and personal current transfer receipts. Personal outlays rose $41.6 billion; personal saving was $794.7 billion and the personal saving rate, personal saving as a percentage of disposable personal income, was 5.7 percent.
The PCE price index was unchanged from June. Excluding food and energy, the PCE price index increased 0.1 percent in July.