Personal income in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday.The Commerce Department said personal income rose by 0.3 percent in August, matching the upwardly revised increase in July as well as expectations.The growth in personal income primarily reflected increases in compensation, proprietors' ...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.