September Personal Income & Spending Report Signals Worsening in Q4
October 31, 2008 – 4:29 amEconomists say the personal income and spending
report from the U.S. Commerce Department supports the view that fourth-
quarter growth will be worse than the Q3 results published on Thursday.
Personal spending, which comprises more than 70% of GDP, fell 0.3% in
September, following two months of flat growth.