U.S. Economic News
August 30, 2019
U.S. Economic Indicators
Real disposable personal income rose 0.1% in July after rising 0.3% in June, while real personal consumption expenditure (PCE) rose 0.4%. The PCE price index rose 0.2% (up 1.4% Y/Y) and the core price index rose 0.2% (up 1.6% Y/Y). BEA Report
The University of Michigan Consumer Sentiment Index fell 8.6 points to 89.8 in the final August reading and is down 6.4 points from August of last year. The Index of Consumer Expectations declined 10.6 points to 79.9 while the Current Economic Conditions Index fell 5.4 points to 105.3. University of Michigan
U.S. News
The Wall Street Journal reports that more than 80% of U.S. companies surveyed by the U.S.-China Business Council have been impacted by trade tensions with China this year, with around 37% reporting that their sales in China have suffered due to concerns from Chinese companies about doing business with American enterprises. The vast majority of companies, however, indicated that they do not plan to move operations out of China. WSJ