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Economic Figures

Consumers log stronger-than-expected spending rise

Wednesday, November 25, 2009 8:02:26 AM
By JEANNINE AVERSA

In this Nov. 16, 2009 photo, customers shop for lumber inside Lowe's in Tallahassee, Fla. Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.(AP Photo/Phil Coale)WASHINGTON (AP) - Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.

The Commerce Department reported Wednesday that consumer spending rose a brisk 0.7 percent last month, following a pullback in September when spending plunged by 0.6 percent.

It was the best showing since a big 1.3 percent jump in August when the government's now-defunct Cash for Clunkers programs enticed people to buy cars.


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Other Economic Figures

Drop in jobless rate points to modest improvement Feb 5 2010 4:48PM CT
Consumer credit down in Nov. for record 11th month Feb 5 2010 4:47PM CT
Retailers report solid gains in key figure for Jan Feb 4 2010 5:50PM CT
Factory orders jump 1 percent in December Feb 4 2010 9:23AM CT
First-time jobless claims rise unexpectedly Feb 4 2010 8:41AM CT
Treasury expects to hit debt limit in February Feb 3 2010 10:49AM CT
Unemployment rises in most metro areas Feb 2 2010 3:38PM CT
Construction spending drops sharply in December Feb 1 2010 9:20AM CT
'Underemployment' tops 20 pct in 3 states Jan 29 2010 4:57PM CT
New home sales fall 7.6 pct in December Jan 27 2010 4:53PM CT

   

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