US Consumers Remain Resilient in August as Spending Tops Estimates

Consumers continued to support the U.S. economy as they opened their wallets in August, shrugging off modest increases in price pressures.

Personal consumption expenditures increased by 0.6 percent, surpassing the market consensus of 0.5 percent, according to a Bureau of Economic Analysis (BEA) report published on Sept. 26. This was up from the previous month’s 0.5 percent gain, signaling the continued resilience of U.S. consumers.