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.
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