{"id":1004151215,"date":"2016-08-30T04:50:51","date_gmt":"2016-08-30T12:50:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151215"},"modified":"2022-12-04T13:26:59","modified_gmt":"2022-12-04T21:26:59","slug":"economy-watch-better-incomes-means-more-spending","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-better-incomes-means-more-spending\/","title":{"rendered":"Economy Watch: Better Incomes Means More Spending"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/p>\n

\"Source:<\/a>

Source: Bureau of Economic Analysis, Personal Income and Outlays, July 2016<\/a><\/p><\/div>\n

More good news for retailers and the landlords who lease to them: U.S. personal income increased $71.6 billion (0.4 percent) in July, according to the Bureau of Economic Analysis<\/a>‘ latest estimates. Going hand-in-hand with that, personal consumption expenditures (PCE, or people spending that money that they’ve made) increased $42 billion (0.3 percent) for the month.<\/p>\n

Consumer spending was spurred by a 1.6 percent increase in purchases of durable goods, such as automobiles. In fact, people are buying cars with considerable gusto now, following a temporary lull. Spending on services was 0.4 percent for the month, but spending on non-durable goods was down 0.5 percent.<\/p>\n

Moreover, the PCE gain in June was revised upward to 0.5 percent. The July increase is thus the fourth month in a row in which consumers spent more than the previous month, which is helping offset lagging spending by businesses going into the third quarter (low spending on business inventory is one of reasons GDP growth is so low).<\/p>\n

Inflation is still pretty low, too. As compiled by the BEA, the PCE price index\u2014which excludes food and energy components\u2014inched up 0.1 percent after a similar gain in June. That metric has risen by the same amount every month since March.<\/p>\n","protected":false},"excerpt":{"rendered":"

July marks the fourth month in a row in which consumers spent more than the previous month.<\/p>\n","protected":false},"author":1023,"featured_media":1004151217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004151215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"\nEconomy Watch: Better Incomes Means More Spending - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-better-incomes-means-more-spending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Better Incomes Means More Spending\" \/>\n<meta property=\"og:description\" content=\"July marks the fourth month in a row in which consumers spent more than the previous month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-better-incomes-means-more-spending\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-30T12:50:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T21:26:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/BEA-PCE-Growth-0716.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"603\" \/>\n\t<meta property=\"og:image:height\" content=\"248\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-better-incomes-means-more-spending\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-better-incomes-means-more-spending\/\",\"name\":\"Economy Watch: Better Incomes Means More Spending - 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