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Tuesday, November 5, 2024
HomeNewsEconomyConsumer Spending Matches Expectations for Modest Gain in November

Consumer Spending Matches Expectations for Modest Gain in November

holiday-retail-shopping-consumers
holiday-retail-shopping-consumers

Consumers ready for holiday shopping, the busiest time of the year for retail outlets. (Photo: Reuters)

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, matched the media forecast and increased by 0.3% in November. Meanwhile, personal income increased by 0.3%, slightly beating out the expected 0.2% gain.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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