You are here


Sept consumer spending in first drop in 8 months

Slowdown likely to be short-lived; Q3 wages in highest jump in 6 years

HAPPY HOLIDAYS: With pump prices at a four-year low and better wage growth, consumer spending is likely to rebound in the end-year holiday period.


US consumer spending in September fell for the first time in eight months, suggesting that the economy lost some momentum heading into the fourth quarter.

The slowdown in consumer spending, however, is likely to be temporary, as other data on Friday showed wages in the

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom