Personal income in the U.S. unexpectedly showed a modest decrease in the month of October, according to a report released by the Commerce Department on Friday.
The report said personal income edged down by 0.1 percent in October after rising by 0.5 percent in September. The drop surprised economists, who had expected income to increase by 0.3 percent.
Meanwhile, the Commerce Department said personal spending rose by 0.3 percent in October following a 0.2 percent increase in September. The increase in spending matched economist estimates.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.