Surprise: Personal Income And Spending Grow At Faster Pace Than Expected

The numbers:

Income was up 0.5% and spending gained 0.4%, both ahead of expectations.

Stocks are pushing a bit higher in the pre-market.


Background: Analysts expect income and spending to both grow by 0.3%. The spending number will be one to watch, as there have been a few faint signs of a pulse lately, though with a monster debt overhang to work through, the consumer is still extremely challenged.

Heading into the number, futures were up by a bit under 1%.

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