BEA News: Personal Income and Outlays, July 2012

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $42.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $39.9 billion, or 0.3 percent, in July, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) increased $46.0 billion, or 0.4 percent.  In June, personal income increased $46.1 billion, or 0.3 percent, DPI increased $37.4 billion, or 0.3 percent, and PCE increased $3.5 billion, or less than 0.1 percent, based on revised estimates.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

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