While the U.S. Commerce Department released a report on Friday showing a slightly bigger than expected increase in personal income in March, the report also showed a slightly smaller than expected increase in personal spending.
The report said personal income climbed by 0.4 percent in March after inching up by a downwardly revised 0.1 percent in February.
Economists had been expecting income to rise by 0.3 percent compared to the 0.2 percent increase originally reported for the previous month.
Meanwhile, the Commerce Department said personal spending edged up by 0.1 percent in March after rising by an upwardly revised 0.2 percent in February.
Spending had been expected to increase by 0.2 percent compared to the 0.1 percent uptick originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.