13:30 - Dados States
8:30am 09/30/05 U.S. AUG. DISPOSABLE INCOME DOWN 0.1%
8:30am 09/30/05 U.S. AUG. SAVINGS RATE RISES TO -0.7% FROM -1.1% IN JULY
8:30am 09/30/05 U.S. AUG. CORE INFLATION UP 2.0% YR-ON-YR VS REV 1.9% JULY
8:30am 09/30/05 U.S. AUG. CORE INFLATION RATE UP 0.2%
8:30am 09/30/05 U.S. AUG. PERSONAL INCOME, EX-KATRINA, UP 0.2%
8:30am 09/30/05 U.S. AUG. PERSONAL INCOME DOWN 0.1% VS UP 0.3% EXPECTED
8:30am 09/30/05 U.S. AUG. CONSUMER SPENDING DOWN 0.5% VS. DOWN 0.2% EXPECTED
ECONOMIC REPORT: Income hit by Katrina in Aug.; Personal incomes falls 0.1%, ex-Katrina up 0.2%
By Greg Robb, MarketWatch
Last Update: 8:35 AM ET Sept. 30, 2005
WASHINGTON (MarketWatch) - U.S. consumer spending and income both declined in August, the Commerce Department said Friday.
Personal income was immediately hit by Hurricane Katrina, which struck the Gulf Coast on Aug. 29. The impact on spending was not as noticeable, as it came at the end of the month.
Personal income fell 0.1% in August, the largest drop since January. Income was hit by the loss of rental and business income.
Proprietors' income fell 0.7%, while rental income fell sharply.
Income from wages and salaries increased 0.2%. Disposable incomes decreased 0.1% in August.
Excluding the impact of Hurricane Katrina, income would have risen 0.2%, a Commerce Department official said.
Consumer spending fell 0.5% in August, which is the biggest drop since November 2001.
Economists were expecting incomes to rise 0.3% in August, with spending expected to fall 0.2%.
In July, incomes rose 0.3%, while spending increased a revised 1.2%.
Meanwhile, inflation ticked up slightly in August. Core inflation is running at a rate up 2.0% in the past 12 months, the biggest rise since May.
The drop in spending in August was largely due to spending on durable goods, which fell 8.9%.
Read consumer spending (adjusted for inflation) decreased by 1.0% for August, the largest drop since 9/11.
8:30am 09/30/05 U.S. AUG. SAVINGS RATE RISES TO -0.7% FROM -1.1% IN JULY
8:30am 09/30/05 U.S. AUG. CORE INFLATION UP 2.0% YR-ON-YR VS REV 1.9% JULY
8:30am 09/30/05 U.S. AUG. CORE INFLATION RATE UP 0.2%
8:30am 09/30/05 U.S. AUG. PERSONAL INCOME, EX-KATRINA, UP 0.2%
8:30am 09/30/05 U.S. AUG. PERSONAL INCOME DOWN 0.1% VS UP 0.3% EXPECTED
8:30am 09/30/05 U.S. AUG. CONSUMER SPENDING DOWN 0.5% VS. DOWN 0.2% EXPECTED
ECONOMIC REPORT: Income hit by Katrina in Aug.; Personal incomes falls 0.1%, ex-Katrina up 0.2%
By Greg Robb, MarketWatch
Last Update: 8:35 AM ET Sept. 30, 2005
WASHINGTON (MarketWatch) - U.S. consumer spending and income both declined in August, the Commerce Department said Friday.
Personal income was immediately hit by Hurricane Katrina, which struck the Gulf Coast on Aug. 29. The impact on spending was not as noticeable, as it came at the end of the month.
Personal income fell 0.1% in August, the largest drop since January. Income was hit by the loss of rental and business income.
Proprietors' income fell 0.7%, while rental income fell sharply.
Income from wages and salaries increased 0.2%. Disposable incomes decreased 0.1% in August.
Excluding the impact of Hurricane Katrina, income would have risen 0.2%, a Commerce Department official said.
Consumer spending fell 0.5% in August, which is the biggest drop since November 2001.
Economists were expecting incomes to rise 0.3% in August, with spending expected to fall 0.2%.
In July, incomes rose 0.3%, while spending increased a revised 1.2%.
Meanwhile, inflation ticked up slightly in August. Core inflation is running at a rate up 2.0% in the past 12 months, the biggest rise since May.
The drop in spending in August was largely due to spending on durable goods, which fell 8.9%.
Read consumer spending (adjusted for inflation) decreased by 1.0% for August, the largest drop since 9/11.