US July Spending Increases 0.8%; Incomes Up 0.1%
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US consumer spending rose 0.8 percent in July after a smaller decline in June than previously reported, a sign the economy is accelerating.
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Shoppers spent more freely in July as consumer spending rose slightly, though tepid growth in personal income raised concern about whether the trend will continue.
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Americans were more frugal in their spending in August as their incomes rose at a slower pace.
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US incomes grew at their fastest pace in a year during January, official figures show.
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Consumers and businesses boosted their spending a bit more quickly in late summer than previously thought, fueling faster overall economic growth, the government reported Tuesday.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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US consumer spending rebounded in July, a sign the economy may be emerging from an early summer decline. Consumer spending rose 0.8% last month, boosted by car and retail sales.
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Consumers boosted their spending in July by the largest amount in six months, offering hope that the current economic slowdown may not be as severe as some had feared.
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U.S. incomes and spending rose in  October, providing the means for consumers to keep spending as  the holiday shopping season approached, while core consumer  prices rose modestly, the government reported on Thursday.
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U.S. incomes rose much more sharply than expected in January, while spending and core consumer price growth also outpaced forecasts, a government report showed on Thursday.
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Consumer spending south of the border increased at a more modest rate last month after a big jump in October, according to a report Thursday from the US Commerce Department.
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Shoppers spent more freely in July, raising hopes that June's economic lull would not last.
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Consumer borrowing increased less than expected in July as higher incomes allowed Americans to reduce their credit card use.
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WASHINGTON : Healthy wage growth boosted US personal incomes by 0.4 percent in August, but consumer spending was flat for the month, the Commerce Department said.
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The US Commerce Department said Thursday personal income posted its biggest increase in three months in August. The government agency also said personal spending was unchanged after rising strongly in July.
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U.S. consumer spending rebounded sharply July, government data showed on Monday, erasing the disappointment of June and bolstering hopes that the U.S. economy has recovered from its recent soft spot.