Le reazioni positive alle news sono ingiustificate e confermano la mia ttuale visione del mercato che è rialzista grazie agli interventi indiretti delle banche centrali che però svalutano poi il mercato con i cambi deboli:
Personal Income and Outlays, August 2010
Personal income increased $59.3 billion, or 0.5 percent, and disposable personal income (DPI)increased $52.0 billion, or 0.5 percent, in August, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $41.3 billion, or 0.4 percent. In July,personal income increased $22.0 billion, or 0.2 percent, DPI increased $5.7 billion, or less than 0.1percent, and PCE increased $41.4 billion, or 0.4 percent, based on revised estimates.Real disposable income increased 0.2 percent in August, in contrast to a decrease of 0.2percent in July. Real PCE increased 0.2 percent, the same increase as in July. 2010 Apr. May June July Aug. (Percent change from preceding month)Personal income, current dollars 0.4 0.4 0.0 0.2 0.5Disposable personal income: Current dollars 0.5 0.4 0.0 0.0 0.5 Chained (2005) dollars 0.5 0.4 0.2 -0.2 0.2Personal consumption expenditures: Current dollars 0.0 0.2 0.0 0.4 0.4 Chained (2005) dollars 0.0 0.3 0.1 0.2 0.2 Wages and salariesPrivate wage and salary disbursements increased $26.1 billion in August, compared with an increase of$25.7 billion in July. Goods-producing industries' payrolls increased $6.7 billion, compared with anincrease of $6.2 billion; manufacturing payrolls increased $2.9 billion, compared with an increase of$4.8 billion. Services-producing industries' payrolls increased $19.4 billion, compared with anincrease of $19.5 billion.Government wage and salary disbursements decreased $5.2 billion in August, in contrast to an increaseof $0.8 billion in July. Increased furloughs of state and local workers reduced state and localpayrolls by $3.9 billion at an annual rate in August, after a decrease in furloughs boosted payrollsby $2.0 billion in July. Temporary Census workers boosted federal civilian payrolls by $0.9 billionat an annual rate in August, after boosting payrolls by $2.5 billion in July. Other personal incomeSupplements to wages and salaries increased $4.1 billion in August, compared with an increase of $3.9 billion in July.Proprietors' income increased $10.1 billion in August, compared with an increase of $2.6 billion inJuly. Farm proprietors' income increased $5.2 billion, the same increase as in July. Nonfarmproprietors' income increased $4.8 billion in August, in contrast to a decrease of $2.6 billion in July.Rental income of persons increased $2.5 billion in August, compared with an increase of $2.2 billionin July. Personal income receipts on assets (personal interest income plus personal dividend income)decreased $11.0 billion, compared with a decrease of $10.3 billion.
Personal current transfer receipts increased $35.8 billion in August, compared with an increase of$0.5 billion in July. The August change reflected the effects of unemployment compensation legislation,which boosted special unemployment insurance benefits by $20.6 billion at an annual rate inAugust, after reducing benefits by $17.1 billion in July.Contributions for government social insurance -- a subtraction in calculating personal income --increased $3.1 billion in August, compared with an increase of $3.4 billion in July. Personal current taxes and disposable personal incomePersonal current taxes increased $7.2 billion in August, compared with an increase of $16.3 billion inJuly. Disposable personal income (DPI) -- personal income less personal current taxes -- increased$52.0 billion, or 0.5 percent, in August, compared with an increase of 5.7 billion, or less than0.1 percent, in July. Personal outlays and personal savingPersonal outlays -- PCE, personal interest payments, and personal current transfer payments --increased $40.1 billion in August, the same increase as in July. PCE increased $41.3 billion in August,compared with an increase of $41.4 billion in July.Personal saving -- DPI less personal outlays -- was $661.9 billion in August, compared with$650.0 billion in July. Personal saving as a percentage of disposable personal income was5.8 percent in August, compared with 5.7 percent in July. For a comparison of personal savingin BEA’s national income and product accounts with personal saving in the Federal Reserve Board’sflow of funds accounts and data on changes in net worth, go to
U.S. Department of Commerce. Bureau of Economic Analysis Real DPI, real PCE and price indexReal DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in August, in contrast to adecrease of 0.2 percent in July.Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in August, the same increaseas in July. Purchases of durable goods decreased 0.2 percent in August, in contrast to an increase of1.3 percent in July. Purchases of nondurable goods increased 0.8 percent, in contrast to a decreaseof 0.3 percent. Purchases of services increased less than 0.1 percent, compared with an increase of0.2 percent.PCE price index -- The price index for PCE increased 0.2 percent in August, the same increase as inJuly. The PCE price index, excluding food and energy, increased 0.1 percent in August, the same increase asin July. RevisionsEstimates have been revised for April through July. Changes in personal income, current-dollar andchained (2005) dollar DPI, and current-dollar and chained (2005) dollar PCE for June and July-- revised and as published in last month's release -- are shown below. Change from preceding month June July Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (Percent) (Billions of dollars) (Percent)Personal Income: Current dollars -2.7 1.5 0.0 0.0 30.0 22.0 0.2 0.2Disposable personal income: Current dollars -0.2 4.0 0.0 0.0 17.6 5.7 0.2 0.0 Chained (2005) dollars 14.3 16.6 0.1 0.2 -8.2 -17.8 -0.1 -0.2Personal consumption expenditures: Current dollars -4.0 -3.3 0.0 0.0 44.1 41.4 0.4 0.4 Chained (2005) dollars 9.6 8.8 0.1 0.1 17.9 16.5 0.2 0.2BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA newsreleases are available without charge on BEA’s Web site at
U.S. Bureau of Economic Analysis (BEA) - bea.gov Home Page. By visiting the site, you can alsosubscribe to receive free e-mail summaries of BEA releases and announcements. * * *Next release --November 1, 2010, at 8:30 A.M. EDT for Personal Income and Outlays for September. -more-_______________________NOTE. -- Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified.Month-to-month dollar changes are differences between these published estimates. Month-to-month percentchanges are calculated from unrounded data and are not annualized. “Real” estimates are in chained (2005) dollars.This news release is available on BEA’s Web site at
BEA : Current Releases.
