June 2011 Personal Income and Outlays, Retail Sales and Consumer Debt

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Bureau of Economic Analysis data showed that personal income increased $18.7 billion (0.1 percent), and disposable personal income (DPI) increased $16.3 billion (0.1 percent), in June. Personal consumption expenditures (PCE) decreased $21.9 billion (0.2 percent). Real (inflation-adjusted) DPI increased 0.2 percent while real PCE increased 0.1 percent.
 

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Retail sales rose by 0.1 percent in nominal terms during June. Motor vehicle sales exhibited the largest percent change (+0.8 percent).
 

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Total consumer debt outstanding increased for a ninth month in June, jumping to a seasonally adjusted and annualized rate of 7.7 percent. Once again, the increase in non-revolving credit was broader based than just student loans; only credit unions and pools of securitized assets saw declines on a seasonally unadjusted basis.