FOREX TradingCharts.com

Financial News: U.S. Personal Income Climbs Less Than Expected In

U.S. Personal Income Climbs Less Than Expected In January

02/24/2023 - 08:41:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department showed U.S. personal income increased by less than expected in the month of January.

The Commerce Department said personal income climbed by 0.6 percent in January after rising by an upwardly revised 0.3 percent in December.

Economists had expected personal income to advance by 0.9 percent compared to the 0.2 percent uptick originally reported for the previous month.

Meanwhile, the report said personal spending surged by 1.8 percent in January after edging down by a revised 0.1 percent in December.

Personal spending was expected to jump by 1.3 percent compared to the 0.2 percent dip originally reported for the previous month.

The report also showed an unexpected acceleration in the annual rate of growth by core consumer prices, which exclude food and energy prices.

The Commerce Department's reading on consumer prices, which is said to be preferred by the Federal Reserve, showed the annual rate of growth accelerated to 4.7 percent in January from an upwardly revised 4.6 percent in December.

Economists had expected the annual rate of growth by core consumer prices to slow to 4.3 percent from the 4.4 percent originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China Industrial Profits Fall Sharply (27 min(s), 47 sec(s) ago)
(RTTNews) - The decline in China's industrial profits deepened in the first two months of 2023 ...Full Story»

Japan Leading Index Falls Less Than Estimated (35 min(s), 47 sec(s) ago)
(RTTNews) - Japan's leading index decreased slightly less than initially estimated in January, ...Full Story»

European Economic News Preview: Germany Ifo Business Confidence Data Due (01 hr(s), 10 min(s), 47 sec(s) ago)
(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the to ...Full Story»

Japan Producer Prices Climb 1.8% On Year In February (11 min(s), 13 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 1.8 percent on year in February, the Bank of Japan sa ...Full Story»

Japan Producer Price Data Due On Monday (54 min(s), 13 sec(s) ago)
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a ligh ...Full Story»

Denmark Economic Sentiment Rises Further (39 min(s), 13 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (11 min(s), 13 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (06 min(s), 13 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China Industrial Profits Fall Sharply

03/27/2023 - 02:31 AM (RTTNews)
(RTTNews) - The decline in China's industrial profits deepened in the first two months of 2023 ...Full Story>>

Japan Leading Index Falls Less Than Estimated

03/27/2023 - 02:23 AM (RTTNews)
(RTTNews) - Japan's leading index decreased slightly less than initially estimated in January, ...Full Story>>

European Economic News Preview: Germany Ifo Business Confidence Data Due

03/27/2023 - 01:48 AM (RTTNews)
(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the to ...Full Story>>

Japan Producer Prices Climb 1.8% On Year In February

03/26/2023 - 20:10 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 1.8 percent on year in February, the Bank of Japan sa ...Full Story>>

Japan Producer Price Data Due On Monday

03/26/2023 - 17:53 PM (RTTNews)
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a ligh ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.