The 0.3% rise in income was bang-on with expectations. Last month was also revised a bit higher.
Spending, where analysts were looking for 0.5%, actually came in at 0.7%.
Nothing too radical here, but pretty solid.
Background: Analysts are looking for a 0.3% rise in income, and a 0.5% increase in spending. The latter will be particularly watched, as that’s expected to be an acceleration from the 0.2% gain in January.