Investing.com – The U.S. core personal consumption expenditure index rose in line with expectations in February, official data showed on Monday.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core PCE price index rose broadly in line with expectations, increasing by a seasonally adjusted 0.2% in February, after rising by 0.2% in January, whose figure was revised up from 0.1%.
The report also said that personal spending rose more-than-expected in February, climbing by a seasonally adjusted 0.7%, after rising by 0.3% in January, whose figure was revised up from 0.2%.
Analysts had expected personal spending in the U.S. to increase by 0.5%.
Meanwhile, the report also showed that personal income rose less-than-expected in February, increasing by a seasonally adjusted 0.3%, after jumping by 1.2% in January, whose figure was revised up from 1.0%.
Analysts had expected U.S. personal income to increase by 0.4% in February.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.39% to hit 1.4030.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.07%, S&P 500 futures pointed to an increase of 0.08%, while the Nasdaq 100 futures indicated a rise of 0.27%.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core PCE price index rose broadly in line with expectations, increasing by a seasonally adjusted 0.2% in February, after rising by 0.2% in January, whose figure was revised up from 0.1%.
The report also said that personal spending rose more-than-expected in February, climbing by a seasonally adjusted 0.7%, after rising by 0.3% in January, whose figure was revised up from 0.2%.
Analysts had expected personal spending in the U.S. to increase by 0.5%.
Meanwhile, the report also showed that personal income rose less-than-expected in February, increasing by a seasonally adjusted 0.3%, after jumping by 1.2% in January, whose figure was revised up from 1.0%.
Analysts had expected U.S. personal income to increase by 0.4% in February.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.39% to hit 1.4030.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.07%, S&P 500 futures pointed to an increase of 0.08%, while the Nasdaq 100 futures indicated a rise of 0.27%.