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Economics

U.S. Consumer Spending Rose Less Than Forecast in September

Shoppers in Chicago, Illinois.

Shoppers in Chicago, Illinois.

Photographer: Daniel Acker/Bloomberg
Updated on

Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note.

Purchases increased 0.1 percent, the smallest gain since January, after rising 0.4 percent in August, Commerce Department figures showed Friday in Washington. The median forecast of 75 economists in a Bloomberg survey called for a 0.2 percent advance. The first drop in prices since January helped take some of the sting out of a smaller-than-projected advance in incomes.