US personal spending up by 0.3% in June - Breaking The News

US personal spending up by 0.3% in June

26 July

1 min read

EPA-EFE/SARAH YENESEL

Personal consumption expenditures (PCE) saw a monthly rise of 0.3% or $57.6 billion in June, the Bureau of Economic Analysis said in its report published on Friday.

Meanwhile, personal income grew by 0.2% or $50.4 billion over the same period.

The PCE price index went up by 0.1% on a monthly basis and 2.5% on an annual one. Excluding food and energy, the figure increased by 0.2% month-on-month and 2.6% year-on-year.

personal spending data pce

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