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U.S. consumer spending rises in July

(Aug. 28, 2009) -- "The 0.2 percent rise in the volume of personal consumer expenditures in July following an upwardly revised 0.1 percent gain in June is encouraging as it points strongly to a return to positive growth in consumer spending in the third quarter," said Ferley. "Our current monitoring suggests an annualized increase in the third quarter of 1.7 percent up from the 1 percent decline recorded in the second quarter."

(Aug. 28, 2009) — “The 0.2 percent rise in the volume of personal consumer expenditures in July following an upwardly revised 0.1 percent gain in June is encouraging as it points strongly to a return to positive growth in consumer spending in the third quarter,” said Ferley. “Our current monitoring suggests an annualized increase in the third quarter of 1.7 percent up from the 1 percent decline recorded in the second quarter.”

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About Greg Gerber

Greg Gerber is the editor and founder of RV Daily Report. A native of Madison, Wis., he moved to Phoenix in 2009 to escape the endless winters and wicked humidity of the six-week "summer" season. He's a DODO -- Dad of Daughter's Only -- who would crawl across the desert on his hands and knees for an In-N-Out Double Double. He has visited every state except Hawaii and is anxiously waiting for some RV company to host a conference in the Aloha State.

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