Contact Us

US Consumers Boost Spending 0.3 Percent Iin August

eBay Fashion LookBook New York City Photoshoot with Lucky Magazine
Photo by Bryan Bedder/Getty Images for eBay

WASHINGTON (AP) — U.S. consumers increased their spending slightly last month as their income grew at the fastest pace in six months.

The Commerce Department says consumer spending rose 0.3 percent in August. That’s up from a 0.2 percent gain in July.

Income rose 0.4 percent in August, the best gain since February and up from a 0.2 percent July increase. Private wages and salaries rose $28.5 billion, while government’s increased $2 billion. Forced federal furloughs reduced government wages and salaries by $7.3 billion.

Consumer spending drives 70 percent of economic activity. Many analysts forecast weaker overall growth of around 2 percent in the July-September quarter, in part because of weaker consumer spending.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More From Voice Of Amarillo

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://voiceofamarillo.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Talk 940 AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on News Talk 940 AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!