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US consumer spending jumps 0.6% in July

US consumer spending jumps 0.6% in July

US consumer spending increased solidly in July as households bought a range of goods and services. Consumer spending rose 0.6 per cent last month after an unrevised 0.3 per cent gain in June. This is positive because consumer spending accounts for more than two-thirds of U.S. economic activity.

Timothy
Timothy
AY-MO
AY-MO 1 year

Consumers always power growth not the fat cats.

F T
F T 1 year

"jumps" 0.6% Yeah. Whatever.

Basilis Koukouvis
Basilis Koukouvis 1 year

that's not a lot.

Hasegawa Fish
Hasegawa Fish 1 year

With the economy 'jumping' 0.5% one day and 'plummeting' 0.5% the next, it seems this may become a 'boy who cried wolf' scenario if anything major actually happens. I, for one, would probably just tune it out.

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