Sep 27, 2013
Consumer spending and personal income rise in August
Today's economic indicators could be a positive sign for end-of-year growth.
U.S. households spent .3 percent more in August than they did in the previous month according to new figures out today. In more positive news, incomes rose .4 percent in August, the biggest month-to-month gain since February. Chris Low, chief economist at FTN Financial, calls this is a pleasant surprise.