March Personal Income & Consumer Spending Tick Up

Personal income rose 0.3% MoM vs. 0.4% consensus and 0% prior reading. On YoY level the personal income is up 3%, but most of the increase comes due the low base effects.

Consumer spending rose 0.6% MoM vs. 0.6% consensus and 0.3% prior reading. On YoY level the consumer spending is up 2.9%.

The data was close to the consensus and definitely not impressive, so I don’t understand the market reaction yesterday.

Chart 1. Personal Income


Chart 2. Consumer Spending



This entry was posted on Tuesday, May 4th, 2010 at 1:34 am and is filed under Markets, U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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