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

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

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Per. Income 0.2% m/m; range 0% to 0.4% (73 estimates)
  • Per. Spending Nom. 0.1% m/m; range -0.1% to 0.3% (70 estimates)
  • Pers Spend Infl Adj -0.1% m/m; range -0.2% to 0.2% (14 estimates)
  • PCE Deflator 0.3% m/m; range 0.2% to 0.4% (43 estimates)
  • PCE Deflator 1.5% y/y; range 1.4% to 1.6% (33 estimates)
  • Core PCE Prices 0.2% m/m; range 0.1% to 0.2% (58 estimates)
  • Core PCE Prices 1.4% y/y; range 1.3% to 1.4% (40 estimates)
    • August’s data will begin to show distortion related to hurricanes. "Service spending should be less affected than goods consumption but could still be negatively impacted by utility outages”: Bloomberg Intelligence
    • In July, personal income advanced 0.4 percent, the most in five months; personal spending rose 0.3 percent, the most in three months
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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Source: BFW (Bloomberg First Word)

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