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Thursday, August 31, 2006

Personal Income & Consumer Spending for July, 2006

Earlier today, the Commerce Department's Bureau of Economic Analysis released their report on Consumer Spending and Personal Income for July, 2006:

Personal Consumption Expenditures
(a.k.a. Consumer Spending)
Predicted: +0.2%
Actual: +0.8%

Personal Income
Predicted: +0.5%
Actual: +0.5%

The above percentages represent the month-to-month change in Consumer Spending and Personal Income for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

Click here to view the full Commerce Department report (PDF).


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