US: Personal Income rose 0.4% MoM vs 0.4% expected, Personal Spending rose 0.6% vs 0.6% expected in November

Personal Income rose 0.4% MoM in November and Personal Spending rose 0.6%, both in line with forecasts.
The dollar did not seem to react to broadly solid US macro data.

Joel Frank Independent Analyst

According to a report released on Thursday by the Bureau of Economic Analysis and Department of Commerce, US Personal Income rose by 0.4% MoM in November, in line with consensus forecasts for a 0.4% MoM rise. That marks a slight moderation in income growth rates since October's 0.5% reading.

Meanwhile, US Personal Spending rose by 0.6% MoM in November, also in line with consensus estimates for a MoM growth rate of 0.6% and following October's (upwardly revised from 1.3%) 1.4% MoM increase.

Market reaction

The dollar did not seem to react to the latest strong raft of US macro data.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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