US: Personal Income rises 0.5% MoM in February vs 0.5% exp., Personal Spending rises 0.2% MoM vs 0.5% exp.

Personal Income in the US rose by 0.5% MoM in February whist Personal Spending rose by 0.2%, the latest data release by the Bureau of Economic Analysis and Department of Commerce showed on Thursday. The latter thus came in in line with the expected gain of 0.5% MoM, while the former came in lower versus the expected MoM gain of 0.5%.