US July personal spending +1.9% vs +1.6% expected

Author: Adam Button | Category: News

Highlights of the July PCE report

  • Prior spending +5.6%
  • Personal income +0.4 vs -0.3% expected
  • Prior personal income -1.1%
Inflation data:
  • PCE deflator m/m +0.3% vs +0.4% expected
  • PCE deflator y/y +1.0% vs +0.8% prior
  • Core PCE m/m +0.3% vs +0.5% expected
  • Core PCE y/y  1.3% vs +1.2% expected
The income and spending numbers are a great sign for spending going forward. The US dollar is a bit higher as this competes with some soft trade numbers.

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