Showing posts with label US personal income falls UNEXPECTEDLY in Aug. 2011. Show all posts
Showing posts with label US personal income falls UNEXPECTEDLY in Aug. 2011. Show all posts

Friday, September 30, 2011

US personal income drops UNEXPECTEDLY in Aug. 2011, previous month revised SHARPLY LOWER

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9/30/11, "Personal Income Unexpectedly FALLS In August -- Last Month Revised Lower," Business Insider, Joe Weisenthal

"The number is out.

Personal income unexpectedly fell 0.1%. Analysts had expected growth of 0.1%.

Personal spending did grow in line with expectations of 0.2%.

Last month's number for income was revised sharply lower, from 0.3% to 0.1%.

Markets haven't moved too much on the news, but they remain sharply lower heading into the opening bell."


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