020 7898 0500The personal income and spending figures were released yesterday in what was an otherwise quiet start to the week for economic data in the US. Income increased by 0.2% in September, which was below the 0.3% the markets had been expecting. It was the smallest gain in personal income since June 2017. Spending rose by 0.4% to fall in line with expectations.
In sharp contrast with the eurozone, the economic data schedule in the US is fairly light today, although tomorrow we will see the employment change figures for October, as well as mortgage applications up to 26 October 2018. On Thursday, we will see a raft of manufacturing sector data which should give us an indication of how the US economy has performed of late.
