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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.