Friday, September 30, 2011

US personal income drops UNEXPECTEDLY in Aug. 2011, previous month revised SHARPLY LOWER

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9/30/11, "Personal Income Unexpectedly FALLS In August -- Last Month Revised Lower," Business Insider, Joe Weisenthal

"The number is out.

Personal income unexpectedly fell 0.1%. Analysts had expected growth of 0.1%.

Personal spending did grow in line with expectations of 0.2%.

Last month's number for income was revised sharply lower, from 0.3% to 0.1%.

Markets haven't moved too much on the news, but they remain sharply lower heading into the opening bell."


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