After reporting a sharp increase in U.S. personal income in the previous month, the Commerce Department released a report on Friday showing personal income edged up by slightly less than expected in the month of August.
The Commerce Department said personal spending crept up by 0.2 percent in August after jumping by 1.1 percent in July. Economists had expected income to rise by 0.3 percent.
Disposable personal income, or personal income less personal current taxes, also inched up by 0.1 percent in August after surging by 1.1 percent in the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.