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Home » Topics » personal consumption expenditures

U.S. consumer spending picked up in September

Shoppers walk through the Santa Monica Place mall in California. (AFP)

US consumer spending picked up pace in September, sustaining a three month surge that also represents a downturn in household saving, the Commerce Department reported Monday. Personal consumption expenditures last month rose 0.8 percent, or $87.9 billion, to $11.25 trillion, after an 0.5 percent pickup in August. Higher gasoline prices…

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Consumer spending up for eighth consecutive month

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WASHINGTON (Reuters) - U.S. consumer spending rose for an eighth straight month in February as households tapped savings to cover higher food and energy prices. Spending rose 0.7 percent in February after a 0.3 percent increase in January, and inflation accelerated at its fastest pace since June 2009, the Commerce Department said on Monday. Adjusted…

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