Consumer Spending Declines in July
Washington, DC, Aug. 29, 2014 -- Consumer spending fell in July, according to the Commerce Department.
Spending declined a seasonally adjusted 0.1% in July from a month earlier. It was the first time spending fell for a month since January.
However, personal income rose 0.2% in July, which was the smallest monthly increase of the year.
Adjusted for inflation, consumer spending fell 0.2% in July from June.