A report released by the Commerce Department on Friday showed that U.S. personal income rose in line with economist estimates in the month of February, although personal spending inched up by slightly less than expected.
The report said personal income increased by 0.4 percent in February after climbing by an upwardly revised 0.5 percent in January.
Economists had expected personal income growth to match the 0.4 percent increase originally reported for the previous month.
Meanwhile, the Commerce Department said personal spending crept up by 0.1 percent in February after rising by 0.2 percent in January. Economists had expected another 0.2 percent increase.
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March 31, 2017 at 06:38PM
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