US Records a 0.1% Surge in Personal Incomes in June on Higher Compensation

Source: Bureau of Economic Analysis

A higher compensation in a recovering economy helped US personal incomes hit $26.1 billion in June, up 0.1% from May.

DXY is up +0.20%, DJI is down -0.27%.

• Disposable personal incomes shed a little less than 0.1% to reach $2.6 billion. Personal consumption expenditures increased by 1.0% from May to $155.4 billion in June.
• Real DPI fell marginally by 0.5%. Real PCE increased by 0.5%.
• The PCE price index was up by 0.5% from May. From a year ago, the PCE price index jumped by 4.0%.
• The rise in personal incomes saw outlays surge higher by $158.7 billion from May. Personal savings were $1.70 trillion, with a personal savings rate of 9.4% in June.