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Consumer spending up in July

<strong>WASHINGTON. </strong>Consumer spending rose at its strongest pace offour months in July, supported by a small gain in incomes that offeredhope consumers will be able to keep contributing to a modest economicrecovery.

WASHINGTON. Consumer spending rose at its strongest pace of
four months in July, supported by a small gain in incomes that offered
hope consumers will be able to keep contributing to a modest economic
recovery.


Analysts said the 0.4 percent increase in spending reported by
the Commerce Department was a relief after a raft of weak data for July
and helped ease fears of the economy sliding back into recession.

 
 
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