Not much to say on the Personal Income indicator except for the fact that it is released by the Bureau of Economic Analysis and it shows the change in total values of income received from all sources by consumers.
It is highly correlated with Personal Spending indicator, in fact they are released at the same time during the same day and the correlation comes from the logical assumption that there is virtually impossible for personal spending to increase if there is no additional disposable personal income.
The most important things to take into consideration when looking at Personal Income indicator are:
- release date: monthly, 30 days after the month ends;
- release time: 12:30 GMT, during the North American trading session;
- second tier data;
- mostly ignored by markets if the actual not differ wildly from the forecast