US personal income up 0.3% in June, less than estimates

Personal income for May was revised upwards to 0.5%, from 0.4%

By Ovunc Kutlu

ISTANBUL (AA) - Americans' personal income rose 0.3% in June, less than market expectations, according to official figures released Friday.

Personal income climbed $69.5 billion from the previous month, according to data from the Commerce Department's Bureau of Economic Analysis.

The figure came below market expectations of a 0.5% increase.

Personal income for May was revised upward to a gain of 0.5%, from an increase of 0.4%.

Disposable personal income, which is personal income less personal current taxes, rose $67.5 billion, or 0.3%, in June, said the bureau.

"The increase in current-dollar personal income in June primarily reflected an increase in compensation that was partly offset by a decrease in personal income receipts on assets," it said in a statement.

Kaynak:

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