Markets

US consumer spending spiked a record 8.2% in May as personal incomes fell

US personal consumption expenditures jumped 8.2% in May following a record drop in April, according to a Friday report from the Commerce Department. Also in May, personal income declined 4.2%, the result of a decrease in government social benefits. Spending in vehicles, healthcare, and restaurants drove jumps in both goods […]
US consumer spending spiked a record 8.2% in May as personal incomes fell
Markets

PERSONAL INCOME DECLINES

Personal incomes declined 0.1%, versus an expected climb of 0.3% and 0.5% print in September. Personal spending growth climbed 0.3%, beating expectations of 0.2% and the same figure last month. Average hourly earnings came in as expected, at 0.2% growth month over month, versus 0.1% in September, and 2.0% year-over-year […]
PERSONAL INCOME DECLINES
Markets

Personal Income And Spending Climb In August

The August stats on personal income and spending are out, and the numbers were right in line with expectations. Income climbed by 0.4% while spending increased by 0.3%. “A longer work week and higher average hourly earnings pointed to a pickup in private wages and salaries; and faster government hiring […]
Personal Income And Spending Climb In August