US Consumer Spending Accelerates at Fastest Pace in 4 Years

US Consumer Spending Accelerates at Fastest Pace in 4 Years
Saul Trana stands in the check-out line as he shops at a Walmart store on February 19, 2015 in Miami, Florida. Joe Raedle/Getty Images
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WASHINGTON—U.S. consumer spending rose for a seventh straight month in September, accelerating at the fastest pace in nearly four years.

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.4 percent last month, as households bought more motor vehicles and spent more on health care. Data for August was revised higher to show spending advancing 0.5 percent instead of the previously reported 0.3 percent gain.

Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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