Consumer Spending Increases Again in September

Washington, DC, Oct. 28, 2011 -- The Commerce Department said on Friday that consumer spending increased 0.6% in September after a 0.2% gain in August.

With income edging up 0.1% last month, spending was at the expense of saving, which dropped to an annual rate of $419.8 billion, the lowest level since August 2009, from $479.1 billion in August.

The saving rate, the percentage of disposable income socked away, fell to 3.6%, the slowest since December 2007, from 4.1% in August.