Consumer spending up 0.1% in August – Longview News-Journal

Sept. 29, 2017 at 11:54 p.m.

WASHINGTON — Consumers barely boosted their spending in August, a sign that overall economic activity could be weaker this quarter.

Consumer spending rose just 0.1 percent, after a much larger 0.3 percent advance in July, the Commerce Department reported Friday. It was the smallest gain since June. The August weakness reflected a big drop in sales of durable goods such as autos.

Income growth slowed to a gain of just 0.2 percent. Wages and salaries, the biggest component, showed no gain at all after strong increases in June and July.


Leave a Reply

Your email address will not be published.

3 × five =