U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Personal income seen rising 0.3% in May after increasing 0.4% in April (forecast range +0.1% to +0.4%); tracks wages and salaries, investment and rental income, transfer payments.
Alert: HALISTER1- Personal spending seen rising 0.4% in May after rising 1% in April (forecast range +0.2% to +0.5%); tracks spending on goods and services, is used to calculate GDP
- April’s spending increase largest since Aug. 2009; “Broader consumer-spending trend appears to be accelerating,” running 4.1% over year-ago levels: Bloomberg Intelligence
Source: BFW (Bloomberg First Word)
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UUID: 7947283