Personal Income And Spending Miss
Oct 31, 2014, 18:01 IST
Flickr / PolycartPersonal spending fell by 0.2% in September, and personal income climbed by 0.2% in September, according to the latest personal income and outlays report from the BEA.
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Expectations were for personal income to rise by 0.3%, and for personal spending to rise by 0.1%.
PCE Core rose by 0.1% month-over-month and 1.5% year-over-year, which were in in line with expectations.
Last month, personal spending rose by 0.5% and personal income rose by 0.3%.