Highlights of the US PCE personal income and spending report:
- +0.2% prev
- y/y +1.6% vs +1.6% prev (in line with estimates)
- core PCE m/m +0.1% vs +0.1% exp/prev
- y/y +1.5% as prev (in line with estimates)
- personal income m/m +0.2% vs +0.5% prev revised up from +0.4%
- US consumption adj m/m -0/1% vs +0.2% exp vs +0.4% prev
- US wages, salaries rose 0.2% in July after +0.4% gain prev
Consumer spending falls for the first time January but savings rate at 5.7%, vs 5.4% prev highest level since Dec 2012
USD generally weaker on softer consumption and wages reading
US PCE table 1
US PCE table 2
