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U.S. Consumer Spending Rose 0.3% in November

Wall Street Journal (12/23/15) Josh Mitchell; Ben Leubsdorf

Consumers increased their spending in November as their incomes rose, a sign the economic expansion remains on track. Personal spending increased 0.3% in November from October, according to the U.S. Department of Commerce. Spending was flat in October after increasing 0.2% in September. Personal incomes rose 0.3% in November after climbing 0.4% in October. Economists polled by the Wall Street Journal had forecast spending would rise 0.3% and income would increase 0.2%.