US: Personal income increased $65.6 billion (0.4%) in July

"Personal income increased $65.6 billion (0.4 percent) in July. Disposable personal income (DPI) increased $39.6 billion (0.3 percent) and personal consumption expenditures (PCE) increased $44.7 billion (0.3 percent),"  the Bureau of Economic Analysis said on Thursday.

Key quotes:

• Real DPI increased 0.2 percent in July and Real PCE increased 0.2 percent.
• The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
• The increase in personal income in July primarily reflected increases in wages and salaries and personal income receipts on assets.
• The $29.3 billion increase in real PCE in July reflected an increase of $18.7 billion in spending for goods and an $11.8 billion increase in spending for services