Consumer Spending Rises 0.9 pct in December; Incomes Up Only 0.4 pct

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008339-consumer-spending-rises-09-pct-in-decembe/

By Rex Nutting, MarketWatch

U.S. consumer spending revived at the end of the year, rising 0.9% in December on renewed vigor in spending on durable goods, the Commerce Department estimated Monday.

“The U.S. consumer roars back,” said Jan Hatzius, chief economist for Goldman Sachs.

Personal incomes increased 0.4% in December. Real disposable incomes also increased 0.4%. The figures were roughly in line with the expectations of economists surveyed by MarketWatch.

Incomes and spending were revised higher for both October and November.

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