Consumer Spending Rises Strongly in September

[Hissyspit]

Source: Reuters

Consumer spending rises strongly in September

WASHINGTON | Mon Oct 29, 2012 8:50am EDT
(Reuters) - Consumer spending rose solidly in September as households stepped up purchases on automobiles and a range of other goods, setting up a firmer base for consumption this quarter.

The Commerce Department said on Monday consumer spending increased 0.8 percent after a unrevised 0.5 percent gain in August.
Economists polled by Reuters had expected spending, which accounts for about 70 percent of U.S. economic activity to increase 0.6 percent in September.

Read more: http://www.reuters.com/article/2012/10/29/us-usa-economy-spending-idUSBRE89S0K420121029

[oswaldactedalone]

1. It was Dems

purposely spending more to boost Obama. In 3,2,1...

[AAO]

3. We are a wiley bunch! LOL!

[WallaceRitchie]

2. Romney can scapegoat himself

His SuperPACS bought too many campaign ads.

[Purveyor]

4. kick and thanks for posting. eom

[reflection]

5. Has anyone asked Jeck Welch his thoughts on this?

[roeth]

6. Personal income ticked up but still insufficient to lower the country’s jobless rate.

Personal income ticked up 0.4 percent, and was its highest since March. It helped to elevate the nation’s economic growth for the third quarter of 2012 to 2 percent. That is an increase from the 1.3 percent growth seen in the second quarter. However, it is still insufficient to lower the country’s jobless rate.