Investing.com – U.S. consumer spending in August was unexpectedly unchanged from July, official data Friday showed.
The Commerce Department revised the July figure to a gain of 0.4% from an initial reading of 0.3%.
Personal spending was forecast to rise 0.1% in August.
Consumer spending is the single biggest source of U.S. economic growth.
Personal income in August was up 0.2%, in line with forecast.