Con­sumer spend­ing sees ro­bust surge in Septem­ber

The Arizona Republic - - Business -

Con­sumers boosted their spend­ing by 1 per­cent in Septem­ber, the big­gest gain in eight years. The surge was fu­eled by ro­bust de­mand across sec­tors, es­pe­cially au­tos.

The jump in con­sumer spend­ing was up from a tiny 0.1 per­cent gain in Au­gust and was the best show­ing since an in­crease of 1.3 per­cent in Au­gust 2009, the Com­merce De­part­ment re­port­edy. In­come growth in Septem­ber rose by 0.4 per­cent as wages and salar­ies climbed.

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