Personal Income and Outlays
------------------------------
Released on 6/27/08 For May 2008 Personal Income - M/M change
Consensus 0.4 % *Actual* *1.9 % * Consumer Spending - M/M change
Consensus 0.7 % *Actual* *0.4 % * 2008 Release Schedule *Released On:*
1/31<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/01/index.html>
2/29<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/02/index.html>
3/28<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/03/index.html>
5/1<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/05/index.html>
5/30<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/05/index.html>
6/27<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/06/index.html>
8/4<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/08/index.html>
8/29<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/08/index.html>
9/29<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/09/index.html>
10/31<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/10/index.html>
11/26<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/11/index.html>
12/24<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/personal_income_and_outlays/year/2008/yearly/12/index.html>
*Released For:* Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Definition
Personal income is the dollar value of income received from all sources by
individuals. Personal outlays include consumer purchases of durable and
nondurable goods, and services. Why Do Investors Care?
The income and outlays data are another handy way to gauge the strength of
the consumer sector in this economy and where it is headed. Income gives
households the power to spend and/or save. Spending greases the wheels of
the economy and keeps it growing. Savings are often invested in the
financial markets and can drive up the prices of stocks and bonds. Even if
savings simply go into a bank account, part of those funds are typically
used by the bank for lending and therefore contribute to economic activity.
In the past twenty years, personal savings have diminished rapidly as
consumers have spent a greater and greater share of their income.
The consumption (outlays) part of this report is even more directly tied to
the economy, which we know usually dictates how the markets perform.
Consumer spending accounts for more than two-thirds of the economy, so if
you know what consumers are up to, you'll have a pretty good handle on where
the economy is headed. Investors can see how consumers are directing their
spending, whether they are buying durable goods, nondurable goods or
services. Needless to say, that's a big advantage for investors who
determine which companies' shares they will buy.
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