WASHINGTON, Oct.29 (Reuters) – US household consumer spending rose more than expected in September, although partly held back by rising prices amid tight supply.
Consumer spending, which accounts for more than two-thirds of economic activity in the United States, rose 0.6% in September, after rebounding 1.0% (revised) in August, statistics show on Friday. by the Commerce Department.
Economists polled by Reuters were forecasting an average increase of 0.5% in September.
Excluding energy and food, the “core PCE” price index rose 0.2% after rising 0.3% the previous month. Year on year, this measure of inflation favored by the Federal Reserve rose 3.6%, as in August.
At the same time, household incomes fell 1.0% after rising 0.2% in August.
(Report Lucia Mutikani; French version Anait Miridzhanian, edited by Laetitia Volga)
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