United States USD

United States Personal Income MoM

Info

History

Chart

Impact:

High

Source: U.S. Bureau of Economic Analysis

Latest Release:

Date:

Big Surprise:

-0.7%

USD

Actual:

-0.4%

Forecast: 0.3%

Previous/Revision:

0.7%

Period: May

Next Release:

Date:

Forecast: 0.5%

Period: Jun

What Does It Measure?

The United States Personal Income MoM (Month-over-Month) measures the change in the total income received by individuals, indicating trends in consumer spending, savings, and overall economic health. It focuses on wages, salaries, and other sources of income, with key indicators including disposable income levels; a reading above zero suggests an increase in income, while a reading below indicates a decrease.

Frequency

The Personal Income MoM report is released monthly, specifically during the last business day of each month, presenting either preliminary or final figures for the previous month.

Why Do Traders Care?

Traders pay close attention to Personal Income figures as they have direct implications for consumer spending, a major component of the GDP; a rise in income can boost consumption, positively affecting equities and the USD. Conversely, lower-than-expected readings may signal economic weakness, resulting in bearish effects on both the currency and stock markets.

What Is It Derived From?

This indicator is derived from surveys conducted by the Bureau of Economic Analysis (BEA), collecting data from households regarding various income sources, including wages and investments. The data is calculated using various methodologies to ensure accuracy, including seasonal adjustments to reflect underlying economic trends.

Description

This indicator presents a month-over-month comparison of personal income, emphasizing short-term trends that can highlight shifts in consumer behavior and economic conditions. The preliminary estimates are based on early data and can be subject to revisions, while final figures provide a more accurate and comprehensive overview of income changes.

Additional Notes

The Personal Income MoM is a coincident economic measure, providing insight into real-time changes that correlate with overall economic activity. It is often analyzed alongside other reports, such as personal consumption expenditures (PCE), to understand broader trends in consumer behavior and economic health.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Jun 27, 2025	-0.4%	0.3%	0.7%	-0.7%
May 30, 2025	0.8%	0.3%	0.7%	0.5%
Apr 30, 2025	0.5%	0.4%	0.7%	0.1%
Mar 28, 2025	0.8%	0.4%	0.7%	0.4%
Feb 28, 2025	0.9%	0.3%	0.4%	0.6%
Jan 31, 2025	0.4%	0.4%	0.3%
Dec 20, 2024	0.3%	0.4%	0.7%	-0.1%
Nov 27, 2024	0.6%	0.3%	0.3%	0.3%
Oct 31, 2024	0.3%	0.3%	0.2%
Sep 27, 2024	0.2%	0.4%	0.3%	-0.2%
Aug 30, 2024	0.3%	0.2%	0.2%	0.1%
Jul 26, 2024	0.2%	0.4%	0.4%	-0.2%
Jun 28, 2024	0.5%	0.4%	0.3%	0.1%
May 31, 2024	0.3%	0.3%	0.5%
Apr 26, 2024	0.5%	0.5%	0.3%
Mar 29, 2024	0.3%	0.4%	1%	-0.1%
Feb 29, 2024	1%	0.4%	0.3%	0.6%
Jan 26, 2024	0.3%	0.3%	0.4%
Dec 22, 2023	0.4%	0.4%	0.3%
Nov 30, 2023	0.2%	0.2%	0.4%
Oct 27, 2023	0.3%	0.4%	0.4%	-0.1%
Sep 29, 2023	0.4%	0.4%	0.2%
Aug 31, 2023	0.2%	0.3%	0.3%	-0.1%
Jul 28, 2023	0.3%	0.5%	0.5%	-0.2%
Jun 30, 2023	0.4%	0.3%	0.3%	0.1%
May 26, 2023	0.4%	0.4%	0.3%
Apr 28, 2023	0.3%	0.2%	0.3%	0.1%
Mar 31, 2023	0.3%	0.2%	0.6%	0.1%
Feb 24, 2023	0.6%	1%	0.3%	-0.4%
Jan 27, 2023	0.2%	0.2%	0.3%
Dec 23, 2022	0.4%	0.3%	0.7%	0.1%
Dec 01, 2022	0.7%	0.4%	0.4%	0.3%
Oct 28, 2022	0.4%	0.3%	0.4%	0.1%
Sep 30, 2022	0.3%	0.3%	0.3%
Aug 26, 2022	0.2%	0.6%	0.7%	-0.4%
Jul 29, 2022	0.6%	0.5%	0.6%	0.1%
Jun 30, 2022	0.5%	0.5%	0.5%
May 27, 2022	0.4%	0.5%	0.5%	-0.1%
Apr 29, 2022	0.5%	0.4%	0.7%	0.1%
Mar 31, 2022	0.5%	0.5%	0.1%
Feb 25, 2022	0%	-0.3%	0.4%	0.3%
Jan 28, 2022	0.3%	0.5%	0.5%	-0.2%
Dec 23, 2021	0.4%	0.4%	0.5%
Nov 24, 2021	0.5%	0.2%	-1%	0.3%
Oct 29, 2021	-1%	-0.2%	0.2%	-0.8%
Oct 01, 2021	0.2%	0.3%	1.1%	-0.1%
Aug 27, 2021	1.1%	0.2%	0.2%	0.9%
Jul 30, 2021	0.1%	-0.3%	-2.2%	0.4%
Jun 25, 2021	-2%	-2.5%	-13.1%	0.5%
May 28, 2021	-13.1%	-14.1%	20.9%	1%
Apr 30, 2021	21.1%	20.3%	-7%	0.8%
Mar 26, 2021	-7.1%	-7.3%	10.1%	0.2%
Feb 26, 2021	10%	9.5%	0.6%	0.5%
Jan 29, 2021	0.6%	0.1%	-1.3%	0.5%
Dec 23, 2020	-1.1%	-0.3%	-0.6%	-0.8%
Nov 25, 2020	-0.7%	0%	0.7%	-0.7%
Oct 30, 2020	0.9%	0.4%	-2.5%	0.5%
Oct 01, 2020	-2.7%	-2.4%	0.5%	-0.3%
Aug 28, 2020	0.4%	-0.2%	-1%	0.6%
Jul 31, 2020	-1.1%	-0.5%	-4.4%	-0.6%
Jun 26, 2020	-4.2%	-6%	10.8%	1.8%
May 29, 2020	10.5%	-6.5%	-2.2%	17%
Apr 30, 2020	-2%	-1.5%	0.6%	-0.5%
Feb 28, 2020	0.6%	0.3%	0.1%	0.3%
Jan 31, 2020	0.2%	0.3%	0.4%	-0.1%
Dec 20, 2019	0.5%	0.3%	0.1%	0.2%
Nov 27, 2019	0%	0.3%	0.3%	-0.3%
Oct 31, 2019	0.3%	0.3%	0.5%
Sep 27, 2019	0.4%	0.4%	0.1%
Aug 30, 2019	0.1%	0.3%	0.5%	-0.2%
Jul 30, 2019	0.4%	0.4%	0.4%
Jun 28, 2019	0.5%	0.3%	0.5%	0.2%
May 31, 2019	0.5%	0.3%	0.1%	0.2%
Apr 29, 2019	0.1%	0.4%	0.2%	-0.3%
Mar 29, 2019	0.2%	0.3%	-0.1%	-0.1%
Mar 01, 2019	1%	0.4%	0.3%	0.6%
Mar 01, 2019	-0.1%	0.3%	1%	-0.4%
Dec 21, 2018	0.2%	0.3%	0.5%	-0.1%
Nov 29, 2018	0.5%	0.4%	0.2%	0.1%
Oct 29, 2018	0.2%	0.3%	0.4%	-0.1%
Sep 28, 2018	0.3%	0.4%	0.3%	-0.1%
Aug 30, 2018	0.3%	0.3%	0.4%
Jul 31, 2018	0.4%	0.4%	0.4%
Jun 29, 2018	0.4%	0.4%	0.2%
May 31, 2018	0.3%	0.3%	0.2%
Apr 30, 2018	0.3%	0.4%	0.3%	-0.1%
Mar 29, 2018	0.4%	0.4%	0.4%
Mar 01, 2018	0.4%	0.3%	0.4%	0.1%
Jan 29, 2018	0.4%	0.3%	0.3%	0.1%
Dec 22, 2017	0.3%	0.4%	0.4%	-0.1%
Nov 30, 2017	0.4%	0.3%	0.4%	0.1%
Oct 30, 2017	0.4%	0.4%	0.2%
Sep 29, 2017	0.2%	0.2%	0.3%
Aug 31, 2017	0.4%	0.3%	0%	0.1%
Aug 01, 2017	0%	0.4%	0.3%	-0.4%
Jun 30, 2017	0.4%	0.3%	0.3%	0.1%
May 30, 2017	0.4%	0.4%	0.2%
May 01, 2017	0.2%	0.4%	0.3%	-0.2%