Personal Income and Spending Both Up 0.1%

WASHINGTON — Personal income rose $8.5 billion or 0.1% in November, the smallest increase since August when it was down 0.1%, the Commerce Department reported Friday.

The gain followed a 0.4% increase in October and was lower than the median 0.2% increase estimated by economists polled by Thomson Reuters.

Personal spending also rose 0.1% in November, following a 0.1% gain in October.

The November increase in personal spending was lower than the median 0.3% increase that had been projected by the economists.

Disposable personal income remained unchanged in November, following a 0.2% gain in October.

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