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Personal Income and Spending Improve in September

October 29, 2012 @ 10:58 AM EST

by The "State" Team

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Economic Update: Personal Income and Spending

Personal Incomes rose by just +0.4% in September, which was above the consensus expectations for an increase of +0.3%.

The August level was unrevised at +0.1% (July: +0.1% June: +0.3%, May: +0.3%, April: +0.2% March +0.4%).

Personal Spending (now called “Consumption”) for the month rose by +0.8%, which was above the expectations for +0.6% and above last month’s +0.5% (July: +0.4, June: 0.0%, May: +0.1%, April: +0.3% March +0.2%).

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