Thursday, November 30, 2006

Personal income in the USA was below expectations in October

Forex News

The index of personal income in the USA rose in October by 0.4% toward the preceding month. The reading was below analysts’ expectations, who considered the income to grow by 0.5%. In September, personal income growth was 0.5%.

The index of personal income, which was below expectations, can negatively influence dollar rate. In the middle-term rate, weak data can contribute to retail sales reduction.

However, the index of personal income is analysed together with personal spending. The index of personal spending rose by 0.2%, compared with 0.2%drop in September. The index was expected to rise by 0.1%.


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