Skip to content
Home » Blog » Personal Spending Increases 0.1% in October

Personal Spending Increases 0.1% in October


 UPDATED:
11/23/2011 8:50:00 AM
Write a Letter to the Editor



Print This
 

Consumer personal spending edged up 0.1% in October, the Commerce Department said Wednesday.

The slight increase followed a revised 0.7% gain in September that was larger than previously estimated.

The October gain was below economists’ forecasts of a 0.3% increase, Bloomberg reported.

Personal incomes rose 0.4%, the largest increase since March, after rising 0.1% the previous month.

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!