FXstreet.com (Barcelona) - Personal income of American citizens has continued increasing at a steady pace in September, while their spending has grown at a slower pace than in August, according to the latest report by the Commerce Department.
Personal Income has increased at a 0.4% growth in September from August in seasonally adjusted terms, the same increasing pace was posted in August, as it has been revised up from the initial 0.3% estimation.
Consumer spending has slowed down its growing pace as it posted a 0.3% increase, down from the 0.5% increase posted in August, revised from the 0.6% previously reported.
The personal consumption expenditures price index has increased 0.2% in September; the core PCE prices index which excludes food and energy has gone 0.2% up. On the year, the PCE prices index went 2.4% up, while the Core PCE prices incdex increased 1.8% from September 2006.