Consumer Spending Accelerates in November
Washington, DC, Dec. 23, 2014 -- U.S. consumer spending picked up in November, according to the Commerce Department.
Personal spending increased 0.6% from the prior month. October spending was revised up to a 0.3% gain from the initially estimated 0.2% increase.
Personal income also increased 0.4%.
Economists had forecast a 0.5% rise in spending and income.