Personal spending fell 0.2% in October, Commerce Department said Friday."> Personal spending fell 0.2% in October, Commerce Department said Friday."> Personal spending fell 0.2% in October, Commerce Department said Friday.">
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11/30/2012 8:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Personal Spending Drops in October

Personal spending fell 0.2% in October, Commerce Department said Friday.

 

The fall followed a 0.8% rise in September. Personal incomes rose 0.4% matching the previous month’s gain.

 

Economists’ median forecast was for no change in spending, Bloomberg reported.

 

A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.

By Transport Topics

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