The Commerce Department released a report on Thursday showing personal income and spending in the U.S. both increased in line with economist estimates in the month of November.
The report said personal income rose by 0.4 percent in November after climbing by 0.5 percent in October. Economists had expected personal income to rise by 0.4 percent.
Disposable personal income, or personal income less personal current taxes, also rose by 0.4 in November, matching the increase seen in the previous month.
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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.