BEA News: Personal Income and Outlays, July 2023
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $153.8 billion (0.8 percent) and consumer spending increased $144.6 billion (0.8 percent). Personal saving was $705.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.5 percent in July.
The full text of the release can be found at www.bea.gov/news/2023/personal-income-and-outlays-july-2023