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Consumer spending increases only 0.1% in September

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Consumer spending increases only 0.1% in September

Increase the lowest in 8 months.

Consumer spending increased $15.6 billion, or 0.1%, in July, according to the Bureau of Economic Analysis. This followed an increase of 0.4% in August, and was the lowest increase in eight months

Analysts had expected an increase of 0.2%.

Personal income increased $18.6 billion, or 0.1%, and disposable personal income  increased $19.2 billion, or 0.1%, in September, according to the Bureau of Economic Analysis. In August, personal income increased $54.9 billion, or 0.4%, DPI increased $49.5 billion, or 0.4%.

Personal saving -- DPI less personal outlays -- was $642.8 billion in September, compared with $637.3 billion in August. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.8%, compared with 4.7%.

The full report can be found here.

 

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