Advertisement
U.S. Personal Income Increases In Line With Estimates In August
(RTTNews) - Personal income in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday.
The report said personal income climbed by 0.4 percent in August after rising by 0.2 percent in July. The advance matched economist estimates.
The Commerce Department said personal spending also increased by 0.4 percent in August after jumping by an upwardly revised 0.9 percent in July.
Economists had expected personal spending to rise by 0.4 percent compared to the 0.8 percent advance originally reported for the previous month.
The report also said the annual rate of consumer price growth accelerated to 3.5 percent in August from 3.4 percent in July. The modest acceleration matched economist estimates.
Meanwhile, the annual rate of growth by core consumer prices, which exclude food and energy prices, slowed to 3.9 percent in August from 4.3 percent in July. The slowdown also matched expectations.
U.S. Jobless Claims Unexpectedly Slip To 227,000
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
Saying Goodbye To The Penny To Cost U.S. Consumers $6 Mln In 'Rounding Tax'
U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA
Fed Minutes Reveal Mixed Views About Outlook For Interest Rates
U.S. Wholesale Inventories Dip In Line With Estimates In May
American Households' Inflation Expectations Steady; More Optimism On Finances: NY Fed Survey
