HALISTER1: U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

(Bloomberg) -- Personal income seen rising 0.4% in Sept. after increasing 0.2% in Aug. (forecast range +0.2% to +0.5%); tracks wages and salaries, investment and rental income, transfer payments.
  • Personal spending seen rising 0.4% in Sept. after showing no change in Aug. (forecast range +0.1% to +0.6%); tracks spending on goods and services, is used to calculate GDP
    • Prior report showed spending on durable goods, which includes autos, declined 1.3% in Aug. adjusting for inflation; first decline since May
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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