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FR: Consumer Mfgd Goods Consumption
| Actual | Previous | Revised | |
| Month over Month | 0.3% | 0.3% | 0.5% |
| Year over Year | -0.7% | 0.3% | 0.2% |
Highlights
Consumer spending on manufactured goods rose for the second consecutive month in September, up 0.3 percent compared to a 0.5 percent gain in August. Compared to September of last year, spending is down 0.7 percent.
After being flat in August, spending on durable goods increased 0.4 percent in September. Within the sector, spending on transportation equipment cooled to 0.1 percent in September from 1.4 percent the prior month. At the same time, spending including household durables gained 1.0 percent, offsetting a 2.5 percent drop in September, with gains coming for computers, communication equipment and furniture.
Spending on energy increased 0.5 percent in September after a 0.1 percent decline the previous month due to gas consumption and higher process for unleaded gasoline.
As a result of the increased energy prices, overall spending rose 0.3 percent in September after a 0.2 percent rise in August.
Today’s results are cautiously positive, with spending on high-value goods rising for two months. Even though consumers spend more on energy, some of the components of that were discretionary, which indicates they’re more willing to loosen the purse strings.