Business

US consumer spending up 0.5 percent in August

By Martin Crutsinger
Published September 29, 2014 4:33pm ET
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US consumer spending up 0.5 percent in August
In this Sept. 4, 2014 photo, Frances Gurley shops at a Family Dollar store in Wilmington, N.C. The Commerce Department releases its August report on consumer spending, which accounts for 70 percent of economic activity, on Monday, Sept. 29, 2014. (AP Photo/The Star-News, Matt Born) | Matt Born

WASHINGTON (AP) — Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.

Consumer spending in August rose 0.5 percent from the previous month after showing no gain in July, the Commerce Department reported Monday. It was the best result since spending also expanded 0.5 percent in June.

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