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Consumer Spending Sharply Up
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| Contributor | PragCon 3.0 |
| Last Edited | PragCon 3.0 Aug 30, 2004 09:51am |
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| Category | News |
| Media | TV News - FOX News |
| News Date | Monday, August 30, 2004 06:00:00 AM UTC0:0 |
| Description | U.S. consumer spending rebounded sharply in July, government data showed on Monday, erasing the disappointment of June and bolstering hopes that the U.S. economy has recovered from its recent soft spot.
Personal spending rose 0.8 percent, more than making up for a revised 0.2 percent fall in June, the Commerce Department said. The improvement in consumption was actually even larger since June's spending had been initially reported as a 0.7 percent decline.
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