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U.S. Household Income, Spending Likely Picked up Last Month

U.S. Household Income, Spending Likely Picked up Last Month

Households likely boosted spending last month as incomes rose, forecasters say, another sign the U.S. economy continued recovering into the fall from

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Households likely boosted spending last month as incomes rose, forecasters say, another sign the U.S. economy continued recovering into the fall from the damage inflicted by the coronavirus pandemic.

Economists surveyed by The Wall Street Journal expect the Commerce Department to report Friday that personal-consumption expenditures—a measure of household spending on goods and services—rose 1% in September, the same increase as in the previous month. Household spending has been rising after a steep drop off earlier in the pandemic,…

This post first appeared on wsj.com

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