Loading page content
Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Personal Income climbed to 0.3% in August 2024
U.S. Bureau of Economic AnalysisMonthlyReleased August 2024
US Personal Income climbed to 0.3% in August 2024, up 0.1% from July's 0.2% reading. The print exceeded the 0.2% consensus by 0.1%. The print is running well below the 12-month average of 0.38%. Over the past 3 months, Personal Income averaged 0.35%, vs 0.37% in the prior 3-month window. The reading is in the 35th percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.2
Consensus
0.2
Previous
Median Absolute Error
±0.09 percentage points
across last 12 releases
Last Call
Aug 2024
Predicted: 0.18
Actual: 0.3
Error: -0.12
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Personal Income (United States) was reported at 0.3% in August 2024. This beat the market consensus of 0.2% by 0.1%. The reading rose from the previous value of 0.2%. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.33%, down from the prior three at 0.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.09%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update August 2024.
SHARE
Personal Income - US
Loading chart data...
About Personal Income — United States
DEFINITION
Personal Income is a financial indicator that measures the total income received by individuals from all sources, including wages, salaries, investments, and government benefits. It is a key measure of the overall economic well-being of individuals and can provide insights into consumer spending and saving patterns. Personal Income is often used by economists and policymakers to track the health of the economy and make informed decisions about fiscal policies.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2024): actual 0.3 %, consensus 0.2 %. Prior reading (Jul 2024): 0.2 %. Before that (Jun 2024): 0.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.