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Article: ECONOMY WATCH.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- August 29, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: State Journal staff, wire services
INCOME & SPENDING: Personal incomes were unchanged in July, the Commerce Department said Friday. It was the eighth month out of the past 10 in which incomes have either fallen or failed to grow. Consumer spending edged up 0.2 percent in July. With incomes remaining unchanged in July even as spending rose, the personal savings rate dipped: It fell to 4.2 percent of after-tax income, from 4.5 percent in June. The savings rate has been rising in recent months, after having sunk below 1 percent in early 2008.
AUTO SALES: A top Ford Motor Co. executive expects industrywide U.S. auto sales to rise for the first time ...