(Adds detail) By Jonathan Nicholson WASHINGTON, Aug 30 (Reuters) - U.S. consumers kept up their strong spending in July, taking advantage of renewed financing incentives to buy cars, even as income growth stalled, a government report released on Friday showed. The Commerce Department said personal spending surged 1.0 percent in July, its biggest gain since October. The gain was propelled by a 3.7 percent advance in spending on durable goods. That was also the biggest monthly gain ...
Premium Content (PAID Subscription Required)
"UPDATE 1-US consumer spending up in July despite flat income" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.