U.S. Personal Income Rises In Line With Estimates In August

(RTTNews) - While the Commerce Department released a report on Friday showing an uptick in U.S. personal income in the month of August, the report said personal spending was little changed during the month.

The report said personal income edged up by 0.2 percent in August after climbing by 0.4 percent in July. The modest increase in income matched economist estimates.

Meanwhile, the Commerce Department said personal spending was virtually unchanged in August following an upwardly revised 0.4 percent increase in July.

Economists had been expecting spending to rise by 0.2 percent compared to the 0.3 percent growth originally reported for the previous month.