WASHINGTON (AP) — Consumers boosted their spending a solid 0.3 percent in October, while their incomes grew 0.4 percent. Both were healthy gains indicating the fourth quarter got off to a strong start.
The October increase in consumer spending followed a much larger 0.9 percent rise in September, the Labor Department reported Thursday. The September climb had been the biggest in eight years. The rise in incomes last month matched the September result, with both months showing the best performance since February.