US October Personal Spending Rises 0.7%; Incomes Up 0.6%
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US consumer spending rose in October as a surge in hiring led to the biggest rise in incomes in five months, a government report showed.
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US consumer prices - stoked by more expensive gasoline as well as pricier fruits and vegetables - heated up in October, rising by 0.6 per cent, the biggest gain in five months.
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WASHINGTON : Healthy wage growth boosted US personal incomes by 0.4 percent in August, but consumer spending was flat for the month, the Commerce Department said.
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US consumers boosted spending only slightly in November, compared with a brisk rise in October, according to a Commerce Department report.
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Personal incomes rose in January at the fastest clip in a year, bolstered by bonus payments to high-income executives and pay raises for federal workers. The extra income helped support a better-than-expected rise in consumer spending.
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Consumer spending south of the border increased at a more modest rate last month after a big jump in October, according to a report Thursday from the US Commerce Department.
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US consumer prices in October rose by their biggest amount in five months as households were faced with higher energy and fresh food costs.
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U.S. personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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NEW YORK, November 5  - The US economy witnessed the highest job growth in the past seven months in October this year, a monthly government data said today.
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U.S. incomes rose much more sharply than expected in January, while spending and core consumer price growth also outpaced forecasts, a government report showed on Thursday.
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Reports from Federal Reserve districts say economy is growing but energy prices have cut spending. WASHINGTON  - The US economy kept on growing in September and early October, even as higher prices
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Spending by Americans shopping online  during this year's holiday season rose 24 percent to $8.8  billion, with sharp gains in purchases of clothing and  entertainment, Web company VeriSign Inc. VRSN.O said on  Thursday.
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A report found that consumer spending in October chugged along while wages rose and inflation stayed at a level that the Fed chairman called Âuncomfortably high.Â
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The US economy grew faster than expected in the last quarter of 2006, lifted by consumer spending.
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The U.S. economy kept growing in September and early October, even as higher prices for energy put a crimp in consumer and business spending, the Federal Reserve said Wednesday.
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U.S. incomes grew steadily in October and spending rebounded, the government said on Thursday, but a Midwest business barometer showing a November slump raised doubts about the economy's direction.
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The net wealth of U.S. households rose to $55.63 trillion in the fourth quarter of 2006, and domestic debt grew at a faster rate than in the third quarter, a Federal Reserve report showed on Thursday.