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- US: Personal Income rose 0.4% MoM vs 0.4% expected, Personal Spending rose 0.6% vs 0.6% expected in November
US: Personal Income rose 0.4% MoM vs 0.4% expected, Personal Spending rose 0.6% vs 0.6% expected in November
- Personal Income rose 0.4% MoM in November and Personal Spending rose 0.6%, both in line with forecasts.
- The dollar did not seem to react to broadly solid US macro data.
According to a report released on Thursday by the Bureau of Economic Analysis and Department of Commerce, US Personal Income rose by 0.4% MoM in November, in line with consensus forecasts for a 0.4% MoM rise. That marks a slight moderation in income growth rates since October's 0.5% reading.
Meanwhile, US Personal Spending rose by 0.6% MoM in November, also in line with consensus estimates for a MoM growth rate of 0.6% and following October's (upwardly revised from 1.3%) 1.4% MoM increase.
Market reaction
The dollar did not seem to react to the latest strong raft of US macro data.
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