October Personal Spending Climbs Just 0.1%, Missing Expectations

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October personal income grew 0.4%. Analysts were expecting 0.3%.Personal spending inched up by 0.1%. Analysts were expecting +0.3%.

The full press release is available at the BEA website.

Back in September, income climbed just 0.1%.  Spending increased 0.7%, which was revised up from a previous reading of 0.6%.

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