Taking a 2nd look at the consumer outlay/income report shows spending beating expectations by...

|By:, SA News Editor

Taking a 2nd look at the consumer outlay/income report shows spending beating expectations by rising 0.8% while income missed, climbing just 0.2%. Not only that, but spending the previous month was revised higher, with income revised lower. The savings rate fell to a near 3-year low. Yep, all is back to normal.