0.6 PERCENT RISE SEEN IN PERSONAL INCOME

0.6 PERCENT RISE SEEN IN PERSONAL INCOME

U.S. personal income is expected to rise 0.6 percent in January, up from

December's 0.5 percent rise, while personal spending is seen up 0.7 percent, down from December's 1 percent, economists said.

Generally, most economists see healthy if not spirited gains in both income and spending. Yet most also see several new factors that could alter the January report, although spotting a long-term trend is difficult, they said.For example, Social Security taxes were increased on Jan. 1, which will lower income by about $3.5 billion. On the "buy" side, auto sales popped up in January but have resumed slipping in February, while warm January weather lessened the heating cost burden.

A Knight-Ridder Financial News survey of 10 economists generated income forecasts ranging from 0.4 percent from Salomon Bros. to 1 percent from Dean Witter.