Personal Income Grows Twice As Fast As Economists Expected In November

Business Insider

UPDATE: The release is out.

Personal income rose 0.6 percent versus expectations of a 0.3 percent gain.

The personal savings rate rose to 3.6 percent in November from 3.4 percent the month before.

Personal spending rose 0.4 percent right in line with expectations.

Click here for updates >

The PCE Deflator fell 0.2 percent in November from the previous month versus expectations of a 0.1 percent drop.

Core PCE was flat in November from the previous month versus expectations of a 0.1 percent rise.

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ORIGINAL: Minutes away from November Personal Income and Spending growth figures for the month of November at 8:30 AM ET.

Economists expect income to post 0.3 percent growth after a flat reading in October, and spending is projected to have risen 0.4 percent after contracting 0.2 percent the month before.

We will have the release LIVE at 8:30 AM ET. Click here for updates >



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