Americans' Income, Spending Increase More Than Expected

(Crni Gavran/Dreamstime.com)

Friday, 30 October 2020 09:27 AM EDT ET

Americans' incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter.

Personal incomes rose 0.9% from the prior month following a 2.5% decline in August, a Commerce Department report showed Friday. That compared with estimates for a 0.4% gain. Household outlays advanced 1.4%, also exceeding forecasts.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
Americans' incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter.
spending, income
61
2020-27-30
Friday, 30 October 2020 09:27 AM
Newsmax Media, Inc.

View on Newsmax