U.S. personal spendings below expectations

By: trademagazin Date: 2011. 03. 01. 12:15

The U.S. personal spendings increased in a smaller extent during January, than it was expected, while the households rebuilt their savings.

Expenditures increased by 0.2 percent, after the 0.5 percent revised datas of December. This is the slightest increase in 7 months. The data is also important, because the private consumption gives nearly 70 percent of the GDP.

Personal incomes, rose by 1 percent after the 0.4 percent increase of December, exceeding the expectations of the analysts – reports tozsdeforum.hu, after QUAESTOR.

Related news