US personal income rose 0.4%, or USD 70.5B in July, much better than expectation of -0.2% decline. Spending rose 1.9% or USD 267.6B, also above expectation of 1.5% mom. Headline PCE price index rose to 1.0% yoy, up from 0.8% yoy, but missed expectation of 1.2% yoy. On the other hand, Core PCE price index accelerated to 1.3% yoy, up from 1.1% yoy, beat expectation of 1.3% yoy.
Also released, goods trade deficit rose 11.7% mom to USD 79.3B
