US: Personal Income Rises While Spending Continued to Decline

<p>Personal income surprised to the upside, increasing by 0.6% month-on-month in December, well ahead of market expectations for a modest 0.2% increase. The main contributors to the increase were higher government transfer receipts (+2.3% m/m), income receipts from assets (2.0% m/m), and compensation (0.5% m/m). Notably, wages and salaries in service-producing industries rose by 0.6% [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/356754-us-personal-income-rises-while-spending-continued-to-decline/">US: Personal Income Rises While Spending Continued to Decline</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>