Economic news

U.S. consumer expenditures move up, while incomes sluggish

Consumer expenditures gained last month, extending the sequence to seven months, though earnings rose at minimum of over a year, a precursor of further spending drop.

Today’s data from the Commerce Department said that consumer spending added 0.4% in September, with Americans purchasing more vehicles and healthcare products.

The July-September growth was 3.5%, showing an easing from a firm 4.2% rate of the second quarter. Last month’s increase in real consumer expenditures signalizes of the right course for growth.

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