U.S. Consumer Spending Rises 0.4% in September By Investing.com

© Reuters. Personal spending rose 0.4% in September, in line with forecasts

Investing.com – U.S. consumer spending slowed in September, according to a report released on Monday.

The Commerce Department said , which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month, after a 0.5% increase in the previous month.

August’s reading was revised up from the initial 0.3% advance. Economists had forecast consumer spending rising 0.4%.

The Federal Reserve’s preferred inflation measure, the , rose 0.2% in September after a flat reading the previous month.

The so-called increased 2.0% in the 12 months through September, remaining unchanged from a month earlier. Analysts had forecast a 0.1% and 2.0% rise, respectively.

rose 0.2% last month after advancing 0.4% the previous month. August’s reading was revised up from initial 0.3% gain. Economists had expected a 0.4% advance.

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