Economic Update: Personal Income and Spending
Personal Incomes were unchanged in October, which was below the consensus expectations for an increase of +0.2%.
The September level was unrevised at +0.4% (August: +0.1%, July: +0.1% June: +0.3%, May: +0.3%, April: +0.2% March +0.4%).
Personal Spending (now called â??Consumptionâ?) for the month fell by -0.2%, which was also below the expectations for +0.1% and above last monthâ??s +0.8% (August: +0.5%, July: +0.4, June: 0.0%, May: +0.1%, April: +0.3% March +0.2%).
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