30-11-2016 14:14 via feedproxy.google.com

Personal incomes rise more than expected

Consumer incomes rose faster than expected in October, according to the Department of Commerce. 
Personal income increased by 0.6% (0.4% forecast,) boosted by higher employee compensation and interest on investments.
Spending gained by 0.3% (0.5% expected.) Consumers deferred some of their spending, with the rate of savings as a share of disposable income rising to 6% from 5.7%. 
The second estimate of Q3 gross domestic product released on Tuesday was revised higher, to a 3.2% pace fro
Read more »