Open Demo Account
Home / Breaking News / US: Personal Income Rise by 0.9% in September vs. 0.4% Expected

US: Personal Income Rise by 0.9% in September vs. 0.4% Expected

Adel 30 October, 2020 6:10 pm Breaking News, Market Update

Personal Income in the US rose by 0.9% on a monthly basis in September following August’s contraction of 2.5%, the US Bureau of Economic Analysis reported on Friday. This reading came in slightly better than the market expectation for an increase of 0.4%.

Further details of the report revealed that Personal Spending in the same period increased by 1.4% and surpassed analysts’ estimate of 1%.

Tags

Check Also

Fed Under Pressure to Cut Rates in September as Job Market Cools

June’s jobs report sent a mixed message, with job gains have remained better than expected …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends