Personal income in the US rose 0.4% in February

FXStreet (Mumbai) - The data released by the US department of commerce on Monday showed personal income rose 0.4% in February compared to the expectation of a 0.3% rise. The personal income rose 0.4% in January.

The personal spending in February rose 0.1% month-on-month, compared to the expectation of a 0.2% rise. Personal spending had suffered a drop of 0.2% in January. Meanwhile, core personal consumption expenditure (PCE) - price index was a touch higher at 1.4% year-on-year in February, compared to 1.3% in January. Month-on-month core PCE rose 0.1% in February.