WASHINGTON (MarketWatch)
Consumer spending in the U.S. rose in August by the
fasted amount in six months, according to the latest government data
Spending
jumped 0.5% last month on a seasonally adjusted basis, the Commerce Department
said Friday
Personal income, however, rose a much smaller 0.1% and the U.S.
savings rate fell to 3.7% from 4.1%
That's the biggest one-month decline in a
year
Economists surveyed by MarketWatch had forecast a 0.5% increase in
consumer spending, largely because of sharply higher gas prices in August
They
also forecast a 0.2% rise in personal income
Since spending rose faster than
income, the savings rate fell
Also, inflation as gauged by the core PCE price
index rose a scant 0.1% in August. Over the past 12 months the core PCE has
risen 1.6%, within the Federal Reserve's preferred zero to 2.0% range
In July,
spending was unchanged at a 0.4% increase
The rise in income, however, was
reduced to 0.1% from 0.3%
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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