US: Personal income decreased $3.5 billion (less than -0.1%) in June

"Personal income decreased $3.5 billion (less than -0.1 percent) in June," the Bureau of Economic Analysis announced on Tuesday.

Key quotes:

• The decrease in personal income in June primarily reflected decreases in personal dividend income and personal interest income that were partially offset by an increase in compensation of employees
• The June decrease in personal dividend income reflected a return to prior levels after a notable increase in May
• Disposable personal income (DPI) decreased $4.2 billion and personal consumption expenditures (PCE) increased $8.1 billion (0.1 percent)
• Real DPI decreased 0.1 percent in June and Real PCE increased less than 0.1 percent