US August PCE core +1.6% vs +1.4% y/y expected

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US personal income and spending report for August 2020

  • Prior +1.3% (revised to +1.4%)
  •  PCE core MoM +0.3% vs +0.3% expected
  •  Prior MoM +0.3% (revised to +0.4%)
  •  Deflator YoY +1.4% vs +1.2% expected
  •  Prior deflator YoY +1.0% (revised to +1.1%)
  •  Deflator MoM +0.3% vs +0.3% expected
  •  Prior MoM deflator +0.3% (revised to +0.4%)

Consumers spending and income for August:

  • Personal income -2.7% vs 2.5% expected. Prior month +0.4% (revised to +0.5%)
  • Personal spending +1.0% vs +0.8% expected. Prior month +1.9% (revised to +1.5%)
  • Real personal spending +0.7% vs +0.5% expected. Prior month +0.1%

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