Personal income in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday.
The Commerce Department said personal income rose by 0.3 percent in August, matching the upwardly revised increase in July as well as expectations.
The growth in personal income primarily reflected increases in compensation, proprietors' income, and government social benefits that were partly offset by a decrease in personal interest income.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.