Consumer Spending Edges Up

November 2006 News

Consumers pinched their pennies lately as spending last month rose by 0.1 percent, the smallest amount in more than a year, the U.S. Commerce Department reported Monday. This is down from 0.2 percent in August.

 

The latest figure is the smallest monthly increase since August 2005.

 

Personal income rose 0.5 percent in September after increasing by 0.4 percent in the prior month.

 

Meanwhile, real disposable income, which is inflation-adjusted and measures income after taxes, rose 0.8 percent in September, the largest gain since September 2005.

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