Personal spending rises 0.5 percent in August

(Sept. 29, 2014) -- Personal consumer expenditures increased by 0.5 percent in August, which was above market expectations for a 0.4 percent increase, and followed an upwardly revised flat reading (was -0.1 percent) in July and a 0.5 percent (was 0.4 percent) increase in June, RBC Economics reported.