MORE BAD NEWS: Personal Spending Tanks In June

shopping store window

The numbers:

More bad news.

Personal spending goes negative in June to -0.2%

Analysts had expected a gain of 0.1%.

Income growth of just 0.1% is below expectations of 0.2% growth.

The signs of the new recession keep piling up.

 

Original: Next up on the data parade: June personal income and spending.

June by now seems like ages ago, but regardless, analysts are looking for income growth of 0.2% down from 0.3% last month.

Spending is expected to grow by 0.1%, up slightly from 0.0% the month before.

The number is out at 8:30.

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