Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. Consumer Spending Rises 0.4% in September

Published 10/29/2018, 08:32 AM
Updated 10/29/2018, 08:32 AM
© Reuters.  Personal spending rose 0.4% in September, in line with forecasts

© Reuters. Personal spending rose 0.4% in September, in line with forecasts

Investing.com - U.S. consumer spending slowed in September, according to a report released on Monday.

The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month, after a 0.5% increase in the previous month.

August’s reading was revised up from the initial 0.3% advance. Economists had forecast consumer spending rising 0.4%.

The Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.2% in September after a flat reading the previous month.

The so-called core PCE increased 2.0% in the 12 months through September, remaining unchanged from a month earlier. Analysts had forecast a 0.1% and 2.0% rise, respectively.

Personal income rose 0.2% last month after advancing 0.4% the previous month. August’s reading was revised up from initial 0.3% gain. Economists had expected a 0.4% advance.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.