The Commerce Department on Monday reported a modest increase in consumer spending, The Wall Street Journal reports:
Consumer spending rose in September, a sign of resilience among households amid middling economic growth and indications of flagging confidence in the seven-year expansion.
Personal consumption, which measures how much Americans spent on everything from airfare to autos, rose 0.5% in September from a month earlier, the Commerce Department said Monday. Incomes gained 0.3%.
Economists surveyed by The Wall Street Journal had expected personal spending and income both to increase 0.4% in September.