Investing.com – The U.S. core personal consumption expenditure index was unexpectedly flat in December, 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 December, down from 0.1% in November.
Analysts had expected the core personal consumption expenditure index to rise by 0.1% in December.
The report also said that personal spending rose more-than-expected in December, rising by a seasonally adjusted 0.7%, compared to 0.3% in November, whose figure was revised down from 0.4%.
Analysts had expected personal spending in the U.S. to increase by 0.6% in December.
Meanwhile, the report also showed that personal income rose less-than-expected in December, increasing by a seasonally adjusted 0.4%, after rising by 0.4% in November, whose figure was revised up from 0.3%. Analysts had expected U.S. personal income to increase by 0.5% in December.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.81% to hit 1.3723.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.46%, S&P 500 futures pointed to an increase of 0.55%, while the Nasdaq 100 futures indicated a rise of 0.45%.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core CPE price index was flat at 0.0% in December, down from 0.1% in November.
Analysts had expected the core personal consumption expenditure index to rise by 0.1% in December.
The report also said that personal spending rose more-than-expected in December, rising by a seasonally adjusted 0.7%, compared to 0.3% in November, whose figure was revised down from 0.4%.
Analysts had expected personal spending in the U.S. to increase by 0.6% in December.
Meanwhile, the report also showed that personal income rose less-than-expected in December, increasing by a seasonally adjusted 0.4%, after rising by 0.4% in November, whose figure was revised up from 0.3%. Analysts had expected U.S. personal income to increase by 0.5% in December.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.81% to hit 1.3723.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.46%, S&P 500 futures pointed to an increase of 0.55%, while the Nasdaq 100 futures indicated a rise of 0.45%.