US: Income Growth Softer, Consumption Declines in Line with Estimates

<p>Personal income rose 0.3% m/m in December, slightly below the consensus forecast for 0.5% m/m. November growth was revised up from 0.4% m/m to 0.5% m/m. Compensation of employees (+0.6% m/m) was the primary driver of higher income, but it was partially offset by a decrease in proprietors’ income (-1.4% m/m). Removing the effect of […]</p>
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