You are here


Consumer spending makes biggest jump in three months

The 0.5% advance in September outstrips median forecast in Bloomberg poll

While the results indicate a solid handoff into the final quarter of 2016, disposable income, or the inflation-adjusted money left over after taxes, was little changed for a second month.

New York

CONSUMER purchases climbed in September by the most in three months as incomes grew, signalling momentum in the biggest part of the US economy.

The 0.5 per cent advance in spending, which accounts for about 70 per cent of the economy, followed a 0.1 per cent decline the...

Market voices on: