Personal Consumption Expenditures - September 2018


ECONODAY: Consumers had to slow their savings efforts to fund spending in the month as the savings rate fell 2 tenths to 6.2 percent. But spending was solid, at 0.4 percent in September with August revised 2 tenths higher to 0.5 percent. Spending on durables, reflecting strong vehicle sales that may have gotten a lift on replacement demand from Hurricane Florence, jumped 1.4 percent in the month with spending on nondurables and services both at 0.3 percent...