Personal Income was up +0.3%, which is down from the prior period’s +0.4%.
Personal Spending was a no-go. No growth. +0.0%, which is down from the prior period’s +0.4%.
So Personal Income is not growing much, and as a result Personal Spending is not growing. Sounds like individuals are acting in a practical manner given their lack of increases in income.
Now, if only the government would do the same…
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury