Survey suggests consumer spending is stabilizing

11/12/2009 | Google

A report by MasterCard Advisors' SpendingPulse shows that consumer spending in all forms except on automobiles increased 2.4% in August and 0.6% in September, but did not increase further during October. The numbers are sharply improved from a 5.8% drop in spending that the survey recorded in the previous quarter. "Consumers have entered a period of stabilization. We are not seeing robust measures of acceleration," said Kamalesh Rao, director of economic research for MasterCard Advisors.

View Full Article in:


Published in Brief: