Investing.com – The U.S. core personal consumption expenditure index was unexpectedly flat in September, official data showed on Monday.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core CPE price index was flat at 0.0% in September, down from 0.1% in August.
Analysts had expected the core personal consumption expenditure index to rise by 0.1% in September.
The report also said that personal spending rose less-than-expected in September, rising by a seasonally adjusted 0.2%, compared to 0.5% in August, whose figure was revised up from 0.4%.
Analysts had expected personal spending in the U.S. to increase by 0.4% in September.
Meanwhile, the report also showed that personal income fell unexpectedly in September, falling by a seasonally adjusted 0.1%, down from a gain of 0.4% in August, whose figure was revised down from 0.5%. Analysts had expected personal income in the U.S. to increase by 0.3% in September.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.07% to hit 1.3934.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.26%, S&P 500 futures pointed to an increase of 0.38%, while the Nasdaq 100 futures indicated a rise of 0.31%.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core CPE price index was flat at 0.0% in September, down from 0.1% in August.
Analysts had expected the core personal consumption expenditure index to rise by 0.1% in September.
The report also said that personal spending rose less-than-expected in September, rising by a seasonally adjusted 0.2%, compared to 0.5% in August, whose figure was revised up from 0.4%.
Analysts had expected personal spending in the U.S. to increase by 0.4% in September.
Meanwhile, the report also showed that personal income fell unexpectedly in September, falling by a seasonally adjusted 0.1%, down from a gain of 0.4% in August, whose figure was revised down from 0.5%. Analysts had expected personal income in the U.S. to increase by 0.3% in September.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.07% to hit 1.3934.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.26%, S&P 500 futures pointed to an increase of 0.38%, while the Nasdaq 100 futures indicated a rise of 0.31%.