Here come personal income and spending …
|09/30/2016||Posted by BusinessMediaguide.Com under General World News||
The Department of Commerce will release its report on personal income and spending during August at 8:30 a.m. ET.
On Thursday, the third estimate of second-quarter gross domestic product showed that consumer spending continued to play a key role in holding up the economy as businesses cut back.
Economists forecast that personal incomes increased by 0.2%, while spending rose 0.1%, according to Bloomberg. These would reflect a slowdown from a relatively strong July.
They estimate that core personal consumption expenditures, a gauge of inflation that excludes food and energy prices, rose 0.2% month-on-month and 1.7% year-on-year. This is the read more >>>