US consumer spending picks up

Fri, 10/28/2011 - 09:51 EDT - France24.com - Business

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US consumers opened their wallets wider in September, spending at a much faster clip than their incomes rose, Commerce Department data showed Friday.Personal spending rose 0.6 percent from August to $68.7 billion, accelerating from a 0.2 percent pace that month.Incomes, however, rose only 0.1 percent after dipping the same amount in August.The vaunted American consumer, a key driver of the world's largest economy, continued to face the erosion of purchasing power due to inflation.

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US consumer spending picks up

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