Consumer Spending Turns Up in October
November 25, 2009After falling 0.7 percent in September, U.S. consumer spending rose 0.4 percent, seasonally adjusted, in October, according to estimates released Wednesday from the U.S. Commerce Department's Bureau of Economic Analysis.
Spending had dropped in September following the end of the federal government's cash-for-clunkers program that spurred spending in the summer.
Real disposable income rose a seasonally adjusted 0.2 percent, following a gain of 0.1 percent in September.
