US: growth of disposable income exceeds growth of spending

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Consumer spending increased by 0.1% while disposable income rose by 0.4% indicating the decrease in proportion put aside as savings, reported the Commerce Department. The forecast made by Marketwatch was an increase in spending by 0.3% while income was estimated to grow by 0.2%. The savings rate decreased by 4.1% in Q3 as compared to an advancement of 5.1% in Q2.