Consumers spending more amid consistent job growth, higher incomes

Washington

PERSONAL spending in the US rose at a more moderate pace in October after the biggest gain in five months, while incomes accelerated and indicated demand will be sustained.

Purchases rose 0.3 per cent after a 0.7 per cent September advance that was stronger than first estimated, Commerce Department figures showed on Wednesday. The median forecast in a Bloomberg survey called for a 0.5 per cent advance in October.