Personal income and spending in the U.S. both rose at the same rate in the month of November, according to a report released by the Commerce Department on Wednesday.
The report said personal income increased by 0.3 percent in November after climbing by 0.4 percent in October. Economists had expected income to edge up by 0.2 percent.
The Commerce Department said personal spending also rose by 0.3 percent in November, while revised data showed sending was unchanged in October. The increase in spending matched economist estimates.
The spending component of the report was inadvertently released last night, well ahead of the scheduled release this morning.
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