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