Consumer personal spending rose in August by the largest amount in almost eight years, while incomes climbed for the second consecutive month, the Commerce Department said Thursday.
The 1.3% spending rise, the highest since October 2001, followed a 0.3% gain in July.
Personal incomesÌýrose 0.2%, the same amount as the previous month.
Economists had forecast a 1.1% increase in spending, after an originally reported 0.2% increase the prior month, Bloomberg reported.
An increase in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
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