November Personal Spending Jumps 1.1%

Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.

The gain followed a revised 0.4% increase in October that was higher than originally reported.

Personal incomes rose 0.4% following a 0.2% gain the previous month, Commerce said.

The spending gain was well above economists’ forecasts of a 0.7% increase, Bloomberg reported.

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