HALISTER1: U.S. ECO PREVIEW: Income and Spending, LEI Due in 5 Minutes

U.S. ECO PREVIEW: Income and Spending, LEI Due in 5 Minutes

(Bloomberg) -- Personal income seen rising 0.3% in Nov. after increasing 0.6% in Oct. (forecast range 0% to +0.5%); tracks wages and salaries, investment and rental income, transfer payments.
  • “Flat aggregate income in the payrolls report points to weakness in personal income"; risk to downside: Bloomberg Intelligence
  • Personal spending seen rising 0.3% in Nov., same as Oct. (forecast range +0.1% to +0.5%); tracks spending on goods and services, is used to calculate GDP
  • Index of leading economic indicators seen rising 0.1% in Nov., same as Oct. (forecast range -0.1% to 0.5%); LEI measures economic outlook for next 3 to 6 mos.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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