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Consumer Spending Tapered Off Ahead of the Holidays
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The U.S. economy showed fresh signs of slowing late this year as consumer spending and business demand softened and inflation eased.
Personal spending increased 0.1% in November from the prior month, the Commerce Department said Friday, marking a pullback from a robust 0.9% increase in October. Households boosted spending on services last month while cutting spending on goods, including autos. When adjusted for inflation, consumer spending was flat.
Read more on wsj.comAbout this in other media
Economy Week Ahead: Consumer Inflation in Focus wsj.com /1 year ago
Economy Week Ahead: Consumer Inflation in Focus wsj.com /1 year ago
Consumer Spending Tapered Off Ahead of the Holidays wsj.com /1 year ago
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