Off the wire
• Urgent: U.S. stocks rally to kick off February  • Nigerian official warns of sanctioning inflammatory political broadcasts  • 1st LD Writethru: Gold down slightly on profit-taking  • U.S. imposes visa restrictions against Venezuelan individuals  • Greek debt becomes biggest risk to global economy: George Osborne  • 1st LD Writethru: U.S. dollar falls on downbeat data  • U.S. manufacturing activities moderate in January  • U.S., partners continue airstrikes against IS in Syria, Iraq  • 1st LD Writethru: Crude prices extend rally amid signs of slowing production  • Obama proposes 534 bln USD defense budget for 2016  
You are here: 　 Home

U.S. consumers earn more, spend less in December

Xinhua, February 3, 2015 Adjust font size:

U.S. consumers' personal income rose while spending fell in December, as shoppers responded to early promotions by doing most of their holiday shopping in November, the Commerce Department reported on Monday.

Personal spending fell 0.3 percent following an increase of 0.5 percent in November. Personal income increased 0.3 percent after a rise of 0.3 percent a month earlier.

Advance estimate showed that the U.S. economy grew 2.6 percent in the fourth quarter last year. Personal consumption, which accounts for about 70 percent of the U.S. economy, grew 4.3 percent, compared with an increase of 3.2 percent in the third quarter. Endite