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

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …