Con­sumer spend­ing, in­comes rise in July

The Pak Banker - - International -

WASHINGTON: Con­sumer spend­ing rose at the strong­est pace in four months in July, sup­ported by a small gain in in­comes, of­fer­ing hope that con­sumers will be able to keep con­tribut­ing to a mod­est re­cov­ery. The Com­merce Depart­ment said on Mon­day spend­ing in­creased 0.4 per­cent, the largest gain since March, af­ter be­ing flat in June. -Reuters

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