Aug Personal Income and Outlays: Income +0.1% m/m vs. +0.2% expected, +0.3% prior (revised)....

Aug Personal Income and Outlays: Income +0.1% m/m vs. +0.2% expected, +0.3% prior (revised). Personal spending +0.5% m/m in-line with expectations, +0.4% prior. PCE core price index +0.1% m/m in-line with expectations, +0.0% prior.
Comments (6)
  • bbro
    , contributor
    Comments (11223) | Send Message
    Real personal income less transfer receipts is negative month to month...
    28 Sep 2012, 08:37 AM Reply Like
  • GaltMachine
    , contributor
    Comments (2070) | Send Message


    I suspect GDI will be negative in this quarter once the final numbers come out.
    28 Sep 2012, 09:21 AM Reply Like
  • Chambord
    , contributor
    Comments (78) | Send Message
    Obama's 2% Payroll Tax cut is dead. So says Obama's team, the Republicans, and Pelosi. For families with incomes of $50,000 that is $1,000 less discretionary spending. For those with $100,000 it's $2,000 less spending.


    Even if they compromise on sequestration cuts, defense spending will be cut. The US federal government is choosing austerity. So are the states.
    28 Sep 2012, 12:24 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    inflation is taking the money away from the little guy...
    28 Sep 2012, 08:40 AM Reply Like
  • mweaver
    , contributor
    Comments (199) | Send Message
    net incomes (cash flow basis) at mid
    1990's levels (bloomberg)
    28 Sep 2012, 09:24 AM Reply Like
  • donjgen
    , contributor
    Comments (6) | Send Message
    "Gas prices lift consumer spending" Well that is not good news
    28 Sep 2012, 12:49 PM Reply Like
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