|Release Date:||Usually released monthly, about 30 days after the month under|
|Release Time:||At 9.30am US Eastern Time|
|Released By:||The US Bureau of Economic Analysis|
The Personal Income report is a measure of the change in the total value of income received from all sources by consumers. Simply put, Personal Income measures the increase or decrease in the amount of money an individual in the US makes from all income sources. Such income sources include government social benefit payments, wages and salaries, Emergency Unemployment Compensation programs, lump-sum social security benefit payments, wages and salaries, rental income, proprietor’s income and tax refunds.
It is also called the Disposable Personal Income report, and is released by the US Bureau of Economic Analysis.
Time of Release
The Personal Income report is usually released monthly, about 30 days after the month under review ends. The time of release is 9.30am US Eastern Time. The data is released on this webpage of the US Bureau of Economic Analysis and also on independent news feeds from Bloomberg and Thomas Reuters.
Interpreting the Data
The amount of money an individual makes will directly impact on spending habits. The more disposable income consumers have, the more likely they are to increase their spending. So even though personal income is not a tradable indicator due to its low market impact, it is a leading indicator of consumer spending, inflation and ultimately retail sales. You do not expect retail sales (a major economic indicator with high market impact) not to be affected by the consumer spending habits or personal income of individuals in a country.
If the actual reading is greater than expected, then the result is seen as USD positive. A lower reading than expected is USD negative.