Economic Charts

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Monday, August 30, 2010

Personal Spending & Personal Income

Personal Spending is based on the change in total value of inflation-adjusted expenditures by consumers.  It is viewed as an important gauge of economic health as it represents a majority of overall economic activity. The prior number was 0%, the forecast for this past month is 0.4% and the actual number came in at 0.4%.  Personal Income was up from its prior number of 0% to 0.2%, which was under forecasts of 0.3%.  Personal income has a correlation to personal spending as personal income increases consumers can spend more.

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