US Personal income 0.4% vs. +0.4% est. Personal spending 0.1% vs. 0.3% est.

October 2015 US Personal income and spending

Prior month: Personal Income +0.2% (was 0.1%) . Personal Spending +0.1%

Real personal spending came in at 0.1% vs 0.2% est.

Overall, the saving rate moved to the highest level in 3 years. Consumers are pocketing the gains from lower oil prices as the key Christmas season begins in earnest.

The good news is wages rose 0.6% in the current month. This was the biggest increase in 5 months. The surge were the main contributor (needless to say) to the 0.4% rise in incomes.