As March Ends, a Mostly Positive Economy

Surprisingly healthy data on personal income and spending, but a strong inflation reading and a dip in consumer sentiment to offset them

Following the upside surprise for fourth-quarter U.S. GDP growth contained in a Mar. 29 report, data released on Mar. 30 tallying February income and spending provided a boost to prospects for the first quarter. Encouraging signals also came from other reports released on the final trading day of March: a big upside surprise for the March Chicago purchasing managers' index report, as well as weather-defying strength in the February nonresidential construction figures.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.