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U.S. Consumer Spending Rises 0.5% in August

Wall Street Journal (09/29/14) Ben Leubsdorf

Consumer spending rose in August, suggesting that more robust household spending could foster third-quarter economic growth. Personal consumption spending increased a seasonally adjusted 0.5% last month from July, according to the U.S. Department of Commerce. Spending held steady in July, revised up from an initially estimated 0.1% decline. Economists polled by the Wall Street Journal had forecast spending would increase 0.5% in August.

U.S. Consumer Sentiment Reaches 14-Month High in September

Reuters (09/26/14) Richard Leong

U.S. consumer sentiment rose in September to a 14-month high, according to the Thomson Reuters and University of Michigan consumer sentiment survey. The final September reading was 84.6, up from 82.5 in August, and was the second-highest reading in seven years. The final September reading was unchanged from the preliminary reading. Economists surveyed by Reuters had forecast a reading of 84.7.

Growth Revised to 4.6%, Brightening the Outlook

Associated Press (09/26/14)

The quick recovery of the economy in the second quarter after a harsh winter signals that the growth outlook likely will look bright for the remainder of the year and into 2015. Many economists think the economy currently is growing at about a 3.0% rate for the third quarter. “The American economy is firing on virtually all cylinders and cruising at a decidedly stronger rate than in recent years,” says Sal Guatieri, senior economist at BMO Capital Markets.

Only Two Weeks Left—Register for Staffing World®

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