In U.S. both the personal income and personal spending rose by $18.6 bn and $15.6 bn respectively in September, accounting to 0.1% rise according to Bereau of Economic Analyasis.
The Disposable Personal Income (DPI) also climbed by 0.1% for September, increasing by $19.2 bn, the BEA reports. All the three increased by 0.4% in August.
"... personal income likely boosted by 0.3% in October, after a 0.1% uptick in the prior month. Nominal consumer spending probably accelerated as well during the reference period, rising by 0.4% and paring the personal savings rate by one tick to 4.7%", estimates Societe Generale.
The Personal consumer spending (PCE) is also expected to rise by 0.2% in October by the market consensus.


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