FOREX TradingCharts.com

Financial News: U.S. Income Growth Matches Estimates In May, Spending

U.S. Income Growth Matches Estimates In May, Spending Growth Falls Short

06/29/2018 - 09:24:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U.S. increased in line with economist estimates in the month of May, although the report also showed weaker than expected growth in personal spending.

The report said personal income climbed by 0.4 percent in May after edging up by a downwardly revised 0.2 percent in April.

Economists had expected income to rise by 0.4 percent compared to the 0.3 percent increase originally reported for the previous month.

Disposable personal income, or personal income less personal current taxes, also increased by 0.4 percent in May after rising by 0.3 percent in April.

Meanwhile, the Commerce Department said personal spending rose by 0.2 percent in May after climbing by a downwardly revised 0.5 percent in April.

Personal spending had been expected to increase by 0.4 percent compared to the 0.6 percent growth originally reported for the previous month.

The report said real spending, which is adjusted to remove price changes, came in unchanged in May after rising by 0.3 percent in April.

"Even though real consumption was unchanged in May, big gains in previous months mean that consumption growth is still on track to rebound in the second quarter overall, to around 3% annualized," said Michael Pearce, Senior U.S. Economist at Capital Economics.

He added, "Together with a big contribution from investment and net trade, that would leave overall GDP growth on track to rise by 3.5% - 4.0% annualized."

With income climbing more than spending, personal saving as a percentage of disposable income rose to 3.2 percent in May from 3.0 percent in April.

A reading on inflation said to be preferred by the Federal Reserve showed the annual rate of core consumer price growth accelerated to 2.0 percent in May from 1.8 percent in April.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: DI Rates Trade Lower Amid Signs Of Centrist Support To Alckmin (08 hr(s), 45 min(s), 42 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil traded lower Friday a ...Full Story»

BRAZIL: Government Cuts 2018 GDP Growth Projection To 1.6%, From 2.5% (08 hr(s), 44 min(s), 42 sec(s) ago)
(RTTNews) - The Brazilian government revised the expectation of growth of the Gross Domestic Produ ...Full Story»

BRAZIL: 661 Jobs Were Closed In June (08 hr(s), 43 min(s), 42 sec(s) ago)
(RTTNews) - Brazil recorded a net loss of 661 jobs in June, resulting in 1,167,531 admissions and ...Full Story»

TIM BRAZIL: Net Profit Rises 53% In The 2Q18, To R$ 335 Million (08 hr(s), 52 min(s), 42 sec(s) ago)
(RTTNews) - TIM Brazil's net profit grew 53% in the second quarter from a year before, to R$ 3 ...Full Story»

BRAZIL: IPCA-15 Rises 4.53% In 12 Months To July (estimates +4.61%) (08 hr(s), 59 min(s), 42 sec(s) ago)
(RTTNews) - The preliminary official consumer price inflation index in Brazil (IPCA-15) lost stren ...Full Story»

EMBRAER: Company Delivers 48 Aircraft In 2Q18, 11 Less Than In 2Q17 (09 hr(s), 02 min(s), 42 sec(s) ago)
(RTTNews) - Brazil's Embraer delivered 48 aircraft in the second quarter of 2017 (28 commercia ...Full Story»

A (09 hr(s), 04 min(s), 42 sec(s) ago)
(RTTNews) - a For comments and feedback: contact editorial@rttnews. ...Full Story»

TIM: Net Income Grows 53% In 2Q18, To R$ 335 Million (09 hr(s), 09 min(s), 42 sec(s) ago)
(RTTNews) - Brazil's TIM Participalles' net income increased 53.2% in the second quarter c ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: 661 Jobs Were Closed In June

07/21/2018 - 09:00 AM (RTTNews)
(RTTNews) - Brazil recorded a net loss of 661 jobs in June, resulting in 1,167,531 admissions and ...Full Story>>

BRAZIL: Government Cuts 2018 GDP Growth Projection To 1.6%, From 2.5%

07/21/2018 - 08:59 AM (RTTNews)
(RTTNews) - The Brazilian government revised the expectation of growth of the Gross Domestic Produ ...Full Story>>

BRAZIL: DI Rates Trade Lower Amid Signs Of Centrist Support To Alckmin

07/21/2018 - 08:58 AM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil traded lower Friday a ...Full Story>>

TIM BRAZIL: Net Profit Rises 53% In The 2Q18, To R$ 335 Million

07/21/2018 - 08:51 AM (RTTNews)
(RTTNews) - TIM Brazil's net profit grew 53% in the second quarter from a year before, to R$ 3 ...Full Story>>

BRAZIL: IPCA-15 Rises 4.53% In 12 Months To July (estimates +4.61%)

07/21/2018 - 08:44 AM (RTTNews)
(RTTNews) - The preliminary official consumer price inflation index in Brazil (IPCA-15) lost stren ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.