The Commerce Department released a report on Wednesday showing U.S. personal income came in nearly flat in the month of October, while personal spending rose in line with economist estimates.The report said personal income inched up by less than a tenth of a percent in October after rising by 0.3 percent in September. Economists had expected another 0.3 percent increase.Meanwhile, the Commerce Dep...
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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.