May 2016 US personal income and spending data report 29 June 2016
– Personal spending 0.4% vs 0.4% exp m/m. Prior 1.0%. Revised to 1.1%
– Real personal spending 0.3% vs 0.6% prior. Revised to 0.8%
Much like the retail sales report 2 weeks ago, the April jump hasn’t been maintained and the US still walks a fine line on the income front.