Despite global slowdown that has impacted manufacturers,spending rises 0.4% for moment straight month as employment gains solidify upward trendConsumer spending rose at a healthy rate in the US in August, while income growth slowed after a big jump in July.
Consumer spending advanced 0.4% compared to July, and when spending also increased by 0.4%,the Commerce Department said Monday. In both months, the figures reflected strong gains in purchases of durable goods such as autos.
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Source: theguardian.com