empty
 
 

2009.03.0208:39:00UTC+00Personal Income Rose 0.4% In January, Spending Rose 0.6%

Monday morning, the Commerce Department released its report on personal income and spending in the month of January, showing an unexpected increase in income and a bigger than expected increase in spending.

The report showed that personal income increased by 0.4 percent in January following a 0.2 percent decrease in December. The increase came as a surprise to economists, who had expected income to edge down 0.2 percent.

Additionally, the Commerce Department said personal spending rose by 0.6 percent in January after falling by 1.0 percent in the previous month. Economists had been expecting spending to increase by about 0.4 percent.

Copyright(c) 2009 RealTimeTraders.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback