Personal Spending Rises 0.2% in August


 UPDATED:
9/30/2011 9:00:00 AM
Write a Letter to the Editor



Print This
 

Consumer personal spending edged up 0.2% in August, the Commerce Department said Friday.

The slight increase followed a revised 0.7% gain in July that was smaller than originally reported.

The August gain matched economists’ forecasts, Bloomberg reported.

Personal incomes dipped 0.1%, the first decrease since October 2009, Bloomberg said.

A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2011, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES


Click Here!

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.