As reported by the Commerce Department, personal spending in the world's biggest economy rose 0.4 per cent in July, in line with expectations. While consumer spending jumped to a highest level since February, personal income added 0.3 per cent last month, matching forecasts, after rising by a revised 0.3 per cent in the previous month. Nation's savings rate fell to 4.2 per cent in July from 4.3 per cent in the preceding month.