While the Commerce Department released a report on Friday showing that U.S. personal income rose by a little less than expected in the month of April, personal spending for the month still increased in line with estimates.
The report showed that personal income edged up by 0.2 percent in April following a 0.4 percent increase in March. Economists had expected income to increase by about 0.3 percent.
Meanwhile, the Commerce Department said personal spending rose by 0.3 percent in April after climbing by 0.2 percent in March. The increase matched the expectations of economists.
by RTT Staff Writer
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