August consumer spending and incomes both rise - WAOW - Newsline 9, Wausau News, Weather, Sports

August consumer spending and incomes both rise


WASHINGTON (AP) -- Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled by the resumption of extended unemployment benefits.

The Commerce Department says that spending increased 0.4 percent in August, matching the July increase. The two increases followed June's flat reading on spending.

Incomes were up 0.5%, better than a 0.2% rise in July and a flat reading in June.

More spending and increased income is helping to sustain the economy, which is growing at subpar levels.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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