Consumer Spending in U.S. Rises

The level of consumer spending in the United States continues to increase, with the largest increase since February. It fosters optimism significant improvements to the economy of the country, as well as raise its financial markets.

 As quoted by the research team Investindo Futures Monex in Jakarta, Tuesday (30/10/2012), the increase occurred after an increase of 0.5 percent in August. Consumer spending accounting for 70 percent of U.S. economic activity and an increase in the last month to support a strong third quarter. "The point or points spike already high base.

 We have the momentum entering the fourth quarter," said Ellen Zentner, senior U.S. economist at Nomura Securities in New York. Stock markets in the United States today is not in operation, anticipate Hurricane Sandy, so in response to the data that has not been seen in the market. On Tuesday (30/10/2012) has also decided the same thing so it will be closing the second day. This is the first closing TURT respectively, due to the weather on the stock exchange in the country since 1888.