Home / Market Update / US Consumer Spending Rises While Incomes Decline

US Consumer Spending Rises While Incomes Decline

Household spending in the United States increased more than what was expected during the month of October, data by the US Department of Commerce showed on Wednesday.

Purchases increased by 0.5% on a monthly basis, after rising by 1.2% in September.

Meanwhile, personal incomes declined by 0.7%.

Check Also

Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data

Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite …