Consumer spending and personal income rise in August

The trading floor of the New York Stock Exchange.

U.S. households spent .3 percent more in August than they did in the previous month according to new figures out today. In more positive news, incomes rose .4 percent in August, the biggest month-to-month gain since February. Chris Low, chief economist at FTN Financial, calls this is a pleasant surprise.

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David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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