Personal income in the U.S. rose in line with economist estimates in the month of December, according to a report released by the Commerce Department on Monday, although the report also said personal spending came in virtually unchanged.
The report said personal income climbed by 0.3 percent in December, matching the increase seen in November as well as economist estimates.
Meanwhile, the Commerce Department said personal spending edged down by less than 0.1 percent in December after rising by 0.5 percent in the previous month. Spending had been expected to inch up by 0.1 percent.
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