Consumer spending up 0.7 percent in December - KAIT Jonesboro, AR - Region 8 News, weather, sports

Consumer spending up 0.7 percent in December

WASHINGTON (AP) - Americans increased their spending sharply in December and consumer purchases for all of 2010 rose at the fastest pace in three years.

The Commerce Department says consumer spending rose 0.7 percent in December, matching the October gain. Households saw their incomes rise 0.4 percent, the same as November.

For all of 2010, consumers boosted spending 3.5 percent. That was the best performance since a 5.2 percent rise in 2007, before the recession began.

Economists expect further gains this year that will give the economy a boost.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Multiple crews battle Lawrence Co. fire

    Multiple crews battle Lawrence Co. fire

    Wednesday, September 20 2017 4:17 AM EDT2017-09-20 08:17:56 GMT
    Wednesday, September 20 2017 7:08 AM EDT2017-09-20 11:08:24 GMT
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)

    Multiple fire departments responded to a fire in on County Road 534 in Cloverbend early Wednesday morning.

    Multiple fire departments responded to a fire in on County Road 534 in Cloverbend early Wednesday morning.

  • Football/field house project approved in Trumann

    Football/field house project approved in Trumann

    Wednesday, August 23 2017 9:24 PM EDT2017-08-24 01:24:38 GMT
    Wednesday, September 20 2017 12:41 AM EDT2017-09-20 04:41:07 GMT
    (Source: KAIT)(Source: KAIT)

    A plan to upgrade the football program at Trumann found the end zone Tuesday as voters there approved a restructuring of the district's millage rate. 

    A plan to upgrade the football program at Trumann found the end zone Tuesday as voters there approved a restructuring of the district's millage rate. 

  • Marked Tree approves millage vote

    Marked Tree approves millage vote

    Thursday, August 24 2017 11:31 AM EDT2017-08-24 15:31:39 GMT
    Wednesday, September 20 2017 12:31 AM EDT2017-09-20 04:31:52 GMT
    (Source: mtree.k12.ar.us)(Source: mtree.k12.ar.us)

    A proposed six-mill increase for the Marked Tree School District had clear sailing Tuesday after voters overwhelmingly approved the request. 

    A proposed six-mill increase for the Marked Tree School District had clear sailing Tuesday after voters overwhelmingly approved the request. 

Powered by Frankly