WASHINGTON (MktNews) - U.S. December Personal income was up 0.4%, and Personal Consumption was up 0.3%, confirmation of data that were already incorporated into the 4Q:2000 GDP report released Wednesday. The GDP report showed real consumption was up 2.9% and the PCE deflator was up 2.2% for the full October-December period. The latest data show wage growth moderated. December wages were up just 0.2%, with manufacturing wages down as factory shut-downs spread. Farm subsidies of $5.5 billion and a $3.3 billion retroactive Social Security payment (due to a boost to the earnings base for some recent retirees) added to December income, the Commerce Department said. Expenditures were higher only in services, where housing, utilities and medical spending rose. December spending on durables fell 1.9% and spending on nondurables was flat. The personal savings rate was -0.8% in December versus the record low of -0.9% in November. Negative savings might have resulted from borrowing, from selling assets, or might be the result of consumers spending prior savings.