The BEA reports personal income is down another 2.0% in May. This follows a 13.1% dip in April. 

Personal spending was flat. The Econoday consensus opinion was for a 0.3% rise. 

Key Details

Personal income decreased $414.3 billion (2.0 percent) in May.

Disposable personal income (DPI) $436.3 billion (2.3 percent)

Personal consumption expenditures (PCE) increased $2.9 billion (<0.1 percent).

Real DPI decreased 2.8 percent and Real PCE decreased 0.4 percent; goods decreased 2.0 percent and services increased 0.4 percent

Personal outlays increased $5.5 billion.

Personal saving was $2.29 trillion in and the personal saving rate—personal saving as a percentage of disposable personal income—was 12.4 percent.

The PCE price index increased 0.4 percent.

Excluding food and energy, the PCE price index increased 0.5 percent. 

The PCE price index increased 3.9% from a year ago

Energy prices increased 27.4 percent from a year ago while food prices increased 0.4 percent.

Excluding food and energy, the PCE price index for May increased 3.4 percent from one year ago.