Consumer Spending and Incomes Fall

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003988-consumer-spending-and-incomes-fall/

U.S. consumer spending dropped a larger-than-expected 0.5 percent in August, the biggest fall since November 2001, according to a government report on Friday that also showed a surprise decline in income that may have reflected Hurricane Katrina.

The fall in spending came as energy prices pushed consumer inflation up 0.5 percent, the largest jump since September 1990, the Commerce Department said.

For this complete story, please visit Consumer Spending and Incomes Fall.

Consumer Spending and Incomes Fall

Unknown Author

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