Personal Income Unexpectedly FALLS In August -- Last Month Revised Lower

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Update:The number is out.

Personal income unexpectedly fell 0.1%. Analysts had expected growth of 0.1%.

Personal spending did grow in line with expectations of 0.2%.

Last month’s number for income was revised sharply lower, from 0.3% to 0.1%.

Markets haven’t moved too much on the news, but they remain sharply lower heading into the opening bell.

 

Original post: Here we go.

Analysts expect just 0.1% income growth in August, and 0.2% spending growth for the month

We’ll have the number out at 8:30.

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