Macroeconomics

U.S. Personal Income increased only 14 billion in July 2013. The indicator had been adding higher amounts during the last four months of the current year.

U.S. Personal Income increased only 14 billion in July 2013, the Bureau of Economic Analysis reported today (August 30 2013). That indicator had been adding higher amounts during the last four months of the current year. On average, Personal Income had increased 32.9 billion each month since sequestration started in March 2013. Accordingly to the Department of Commerce, revisited data from June confirmed that Personal Income added 38.2 billion, while in May and March it added over 45 billion each month. June was confirmed of having had an important increase of 34 billion on top of May’s figure of 17.5 billion.
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