Fri, 28 Sep 2012 15:13:58 GMT
U.S. consumer spending stagnates in line with expectations
Commerce Department reported on Friday
that spending of U.S. consumers rose just a bit in August, which
showed that the U.S. economy still struggled to recover. Purchases of
households increased by 0.5%, in line with analysts' expectations.
However, after adjustment for a 0.4% increase in prices, the data
shows that real spending added only 0.1%.