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A report published by the US Department of Commerce, Friday, that Personal income It fell 0.1% in January, the first decrease since November 2015, after a 1% increase in December. And increased Salaries 0.3% in January after jumping 0.5% in December.
Economists polled by Reuters expected personal income to rise 0.3% in January.
The department did not publish the consumer spending portion of the report because the collection and processing of retail sales data was delayed by a 35-day partial closure of the federal government, which ended January 25th.
Consumer spending, which accounts for more than two-thirds of US economic activity, declined 0.5% in December, the ministry said. This is the biggest drop since September 2009, following a gain of 0.6% in November.
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A report released Friday by the US Department of Commerce indicates that personal income fell by 0.1% in January, the first decrease since November 2015, after a 1% increase in December. Wages rose 0.3% in January after jumping 0.5% in December.
Economists polled by Reuters expected personal income to rise 0.3% in January.
The department did not publish the consumer spending portion of the report because the collection and processing of retail sales data was delayed by a 35-day partial closure of the federal government, which ended January 25th.
Consumer spending, which accounts for more than two-thirds of US economic activity, declined 0.5% in December, the ministry said. This is the biggest drop since September 2009, following a gain of 0.6% in November.
