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Financial News: U.S. Personal Income Climbs More Than Expected In

U.S. Personal Income Climbs More Than Expected In July

08/31/2017 - 08:43:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Thursday showed U.S. personal income rose by slightly more than expected in the month of July, while personal spending increased by slightly less than expected.

The Commerce Department said personal income climbed by 0.4 percent in July after coming in unchanged in June. Economists had expected income to rise by 0.3 percent.

Meanwhile, the report said personal spending rose by 0.3 percent in July after edging up by 0.2 percent in the previous month. Spending had been expected to increase by 0.4 percent.

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