While the Commerce Department released a report on Monday showing that U.S. personal income rose by less than expected in the month of November, the report still showed that personal spending increased in line with estimates.
The report said personal income crept up by 0.2 percent in November after edging down by 0.1 percent in October. Economists had been expecting income to increase by about 0.5 percent.
At the same time, the Commerce Department said personal spending rose by 0.5 percent in November following a 0.4 percent increase in the previous month. The increase in spending matched the expectations of economists.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.