U.S. Personal Income Rose 1.0%; U.S. Consumer Spending Rose 0.2%
(For January 2010)
U.S. personal income rose 1.0% in January vs. 0.4% consensus and 0.4% rise in December. On y-o-y level personal income is up 4.6%.
U.S. consumer spending rose 0.2% in January vs. 0.4% consensus and 0.5% December reading (revised from 0.7%). On y-o-y level consumer spending is up 4.0%.
U.S. personal savings as a percentage of disposable income rose 0.4% to 5.8%. December reading was revised to 5.4%
Very strong report.