Personal Income and Outlays Report
According to the Bureau of Economic Analysis and the released report of Personal Income and Outlays, July 2009 [8/28/09] by BEA.GOV , In July, the Personal income increased $3.8 billion ( or less than 0.1 percent ) ; Disposable Personal Income (DPI) decreased $4.6 billion ( or less than 0.1 percent ) .
Comparing to June which saw a decrease of 1.6 percent , Real Disposable Income decreased just 0.1 percent in July. While Real PCE increased 0.2 percent, compared with an increase of 0.1 percent.
*( Next release – October 1, 2009 at 8:30 A.M. EDT for Personal Income and Outlays for August. )
Why has this report is highly monitored by market ? Simply due to the very fact that consumer rule the economy. Without consumer spending, business activities would come to a halted very quickly, as nobody buy those products or services. And without sustainable income, consumers simply cut down their expenditures in reality. Although there are other factors influencing consumer expenditures, personal income is still being the most important factors .
