You are here

LATEST US DATA

Consumer spending sees growth at fastest clip since 2009

US Commerce Dept says shoppers helped boost the economy with a spike totalling 1.0% in Sept 2017

BT_20171031_NAHUSDATA31_3154079.jpg
Shopping in September was buoyed by purchases of motor vehicles, probably as drivers in Texas and Florida replaced cars that were destroyed when Harvey and Irma slammed the states in late August and early September.

Washington

US CONSUMER spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.

The Commerce Department said on Monday consumer spending,

sentifi.com

Market voices on:

Powered by GET.comGetCom