WASHINGTON — Personal income rose $14.1 billion or 0.1% in July following a unrevised 0.3% increase in June, the Commerce Department reported Friday.
The July personal income figure was slightly weaker than the median 0.2% increase projected by economists polled by Thomson Reuters.
July personal spending increased $16.3 billion or 0.1%, after rising a revised 0.6% the previous month. June's spending figure was originally reported as a 0.5% increase.
Disposable personal income rose $21.7 billion, or 0.2% in July, following a 0.2% increase in June. Real disposable income, which is adjusted to remove price changes, rose 0.1% after decreasing 0.2% the previous month.
The core personal consumption expenditures, which excludes food and energy, rose 0.1% in July after increasing 0.2% in June.
