While the Commerce Department released a report on Tuesday showing that U.S. personal income rose by slightly less than expected in the month of November, the report also showed that U.S. personal spending increased by slightly more than expected.
The report said personal income increased by 0.4 percent in November following an upwardly revised 0.3 percent increase in October. Economists had expected income to climb by 0.5 percent compared to the 0.2 percent growth originally reported for the previous month.
Meanwhile, the Commerce Department said personal spending rose by 0.6 percent in November compared to the 0.5 percent increase expected by economists. The increase in spending in October was also upwardly revised to 0.3 percent from 0.2 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.