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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.