Retail News

July consumer spending rose nicely, incomes – not so much

MarketWatch 08/30/2019

The Commerce Department reported this morning that consumer spending in July climbed 0.6 percent following a 0.3 percent gain in June. The positive numbers might alleviate some anxiety over the threat of impending recession if not for the accompanying income report, which showed a mere rise of 0.1 percent, meaning that consumer pocketbooks may not support sustained spending going into the holiday season.

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