U.S. consumer spending weakest in eight months, savings jump

The Commerce Department said on Friday consumer spending declined 0.2 percent last month as demand for goods tumbled and Economists polled by Reuters had expected consumer spending, which accounts for more than two-thirds of U.S. When adjusted for inflation, consumer spending fell 0.2 percent. The softer consumer spending at the end of the third quarter could add to expectations of slower growth in the final three months of the year.

via Business News http://ift.tt/1paNRIC