The increase in spending and revenues of US consumption recorded the smallest increase in more than a year

WASHINGTON (Reuters) – Consumer spending in the United States rose for a seventh consecutive month in September, but revenues were the lowest for more than a year, signaling a slowdown in spending in the United States. l & # 39; future.

Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.4% last month as households buy a car and spend more on health care, the Department of Labor said on Monday. Trade.

August data was revised upward, as expenses rose 0.5% instead of an increase of 0.3% in previous estimates.

Economists polled by Reuters forecast a 0.4% rise in consumer spending in September. After adjusting for inflation, consumer spending rose 0.3%. Real consumer spending rose 0.4% in August.

The data were included in the third quarter GDP report released on Friday, which showed an acceleration in consumer spending of 4% per year, the fastest in almost four years.

The growth rate of the economy was 3.5% in the third quarter, after a strong growth rate of 4.2% from April to June. The increase recorded in September resulted in strong growth in real consumer spending in the fourth quarter of the year.

But it is unlikely that the momentum will continue. Personal income rose 0.2% in September, the smallest increase since June 2017, following a 0.4% gain in August. Wages rose 0.2% after jumping 0.5% in August.