Cheap ugg boot Stores top 100,Consumers boosted their spending by 1 percent in September, the biggest monthly gain in eight years. The surge was led by strong sales of autos and other durable goods.
The sizable jump in consumer spending was up from a tiny 0.1 percent gain in August and was the best showing since an increase of 1.3 percent in August 2009, the Commerce Department reported Monday. Income growth was also solid in September, rising by 0.4 percent as wages and salaries climbed.
Consumer spending is closely monitored because it accounts for 70 percent of economic activity. The latest result suggests that Americans were feeling increasingly confident about the economy at the end of the third quarter.
That should boost growth in the final three months of the year. The overall economy,Cheap uggs sale as measured by the gross domestic product, grew at a solid 3 percent annual rate in the July-September quarter, despite the devastation from two hurricanes. It was the first time in three years the economy posted back-to-back quarterly gains of 3 percent or better.
The big surge in spending in September was led by a 14.7 percent increase in spending for new motor vehicles, as drivers replaced the estimated more than 300,000 vehicles destroyed in the hurricanes.
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