Despite global slowdown that has impacted manufacturers, spending rises 0.4% for second straight month as employment gains solidify upward trend Consumer spending rose at a healthy rate in the US in August, while income growth slowed after a big jump in July. Consumer spending advanced 0.4% compared to July, when spending also increased by 0.4%, the Commerce Department said Monday. In both months, the figures reflected strong gains in purchases of durable goods such as autos.
US consumer spending grows in August on back of strong employment numbers
The Guardian - 28 Sep 2015 19:23
Despite global slowdown that has impacted manufacturers, spending rises 0.4% for second straight month as employment gains solidify upward trend Consumer spending rose at a healthy rate in the US in August, while income growth slowed after a big jump in July. Consumer spending advanced 0.4% compared to July, when spending also increased by 0.4%, the Commerce Department said Monday. In both months, the figures reflected strong gains in purchases of durable goods such as autos.
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