U.S. Personal Income Unexpectedly Unchanged In October

Date : 11/27/2019 @ 10:47AM
Source : RTTF2
Stock : Australian Dollar vs United States Dollar (AUDUSD)
Quote : 0.68916  0.00215 (0.31%) @ 11:44AM
AUD vs US Dollar share price Chart

U.S. Personal Income Unexpectedly Unchanged In October

AUD vs US Dollar (FX:AUDUSD)
Forex Chart

1 Month : From Nov 2019 to Dec 2019

Click Here for more AUD vs US Dollar Charts.

The Commerce Department released a report on Wednesday showing U.S. personal income came in nearly flat in the month of October, while personal spending rose in line with economist estimates.

The report said personal income inched up by less than a tenth of a percent in October after rising by 0.3 percent in September. Economists had expected another 0.3 percent increase.

Meanwhile, the Commerce Department said disposable personal income, or personal income less personal current taxes, edged down by 0.1 percent in October after climbing by 0.3 percent in the previous month.

Real disposable income, which is adjusted to remove price changes, fell by 0.3 percent due to the unwinding of farm subsidies paid out by the Trump administration and a decrease in interest income as the Federal Reserve cut rates.

The report also said personal spending rose by 0.3 percent in October after edging up by 0.2 percent for two straight months. The increase in spending matched economist estimates.

Removing price change, real personal spending crept up by 0.1 percent in October following two consecutive 0.2 percent monthly upticks.

"Penciling in modest gains for November and December, that suggests that real consumption growth will slow from 2.9% annualized in the third quarter to around 2.0% in the fourth," said Andrew Hunter, Senior U.S. Economist at Capital Economics.

With spending rising and disposable income falling, personal saving as a percentage of disposable personal income dropped to 7.8 percent in October from 8.1 percent in September.

A reading on inflation said to be preferred by the Federal Reserve showed the annual rate of core consumer price growth slipped to 1.6 percent in October from 1.7 percent in the previous month.

Latest AUDUSD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191212 11:59:02