A report released by the Commerce Department on Friday showed personal income in the U.S. increased by less than expected in the month of December.
The Commerce Department said personal income rose by 0.3 percent in December after climbing by an upwardly revised 0.5 percent in November.
Economists had expected personal income to advance by 0.5 percent compared to the 0.4 percent increase originally reported for the previous month.
Meanwhile, the report showed personal spending fell by 0.6 percent in December after rising by 0.4 percent in November. The decrease in spending matched economist estimates.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
