TITLE

Personal Income, Spending Up in Dec

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/1/2005, Vol. 351 Issue 32061, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that personal income increased a record 3.7 percent in December, while personal consumption expenditures rose 0.8 percent, the Commerce Department reported yesterday. The rise is the largest since the department started keeping monthly records in 1959, but Commerce officials said the increase primarily reflected the payment of a special dividend by Microsoft Corp. Meanwhile, spending increased by $66.4 billion to $8.48 trillion in December, following an upwardly revised 0.4 percent climb in November, initially reported as up 0.7 percent.
ACCESSION #
15895506

 

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