2015.04.3008:46:00UTC+00U.S. Personal Income Unexpectedly Flat In March

While the Commerce Department released a report on Thursday showing a continued increase in U.S. personal spending in the month of March, the report also said personal income was unexpectedly flat.

The report said personal spending rose by 0.4 percent in March following an upwardly revised 0.2 percent increase in February.

Economists had expected spending to climb by 0.5 percent compared to the 0.1 percent uptick originally reported for the previous month.

Meanwhile, the Commerce Department said personal income inched up by less than a tenth of a percent in March after increasing by 0.4 percent in February. Income had been expected to rise by 0.2 percent.