Personal spending rose for the first time in three months, gaining 0.4% in July, the Commerce Department said Thursday.
The upturn followed no change in June. Personal incomes rose 0.3% for a third straight month.
Economists’ median forecast was for a 0.5% increase in spending, Bloomberg reported.
A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
Consumer personal spending edged up 0.1% in October, the Commerce Department said Wednesday.
The slight increase followed a revised 0.7% gain in September that was larger than previously estimated.
The October gain was below economists’ forecasts of a 0.3% increase, Bloomberg reported.
Personal incomes rose 0.4%, the largest increase since March, after rising 0.1% the previous month.
A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
Consumer personal spending climbed 0.6% in September, the Commerce Department said Friday.
The increase followed a 0.2% gain in August.
The September gain matched economists’ forecasts, Bloomberg reported.
Personal incomes edged up 0.1% after declining 0.1% the previous month.
A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
