Summary
WASHINGTON -- Shoppers spent more freely in July, raising hopes that June's economic lull would not last.
The Commerce Department reported Monday that consumers, key shapers of U.S. economic activity, boosted spending by 0.8 percent in July from the previous month. Their appetite to spend was led by a rebound in demand for big-ticket goods, such as cars, helped by buyers' incentives.See the full content of this document
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Buyers Boost Fiscal Outlook
The latest snapshot of buyer behavior marked an improvement from June, when consumers cut spending by 0.2 percent as high energy prices and a sluggish job market weighed on consumers' willingness to spe...
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