CONSUMERS PULLED BACK ON SPENDING IN OCTOBER

Key Points:

  • U.S. consumer spending rose by 0.2%, or $41.2 billion, in October, after rising 0.7% in September.
  • Personal income increased by 0.2%, or $57.1 billion, in October, after rising 0.4% in September.
  • The overall personal consumption expenditures price index was unchanged in October and is up 3.0% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in October and is up 3.5% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source