- Credit Agricole looks for a stronger increase in U.S. October personal income based on accelerations in earnings and hours growth. It expects a pickup in personal spending as well. “We expect stronger spending on services, which rose 0.2 pct in September, given the robust performance on consumer surveys and lower gasoline prices in October. These expected increases translate to a 0.3 pct rebound in October spending from a 0.2 pct decline in September”, said Credit Agricole in a report on Wednesday.
The material has been provided by InstaForex Company – www.instaforex.com