HALISTER1: U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

(Bloomberg) -- Personal income seen rising 0.3% in June after increasing 0.2% in May (forecast range +0.2% to +0.5%); tracks wages and salaries, investment and rental income, transfer payments.
  • Personal spending seen rising 0.3% in June after rising 0.4% in May (forecast range +0.1% to +0.5%); tracks spending on goods and services, is used to calculate GDP
  • Prior report showed personal spending moderated in May after posting biggest advance since Aug. 2009; personal income increased less than median est.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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