Economy Country November 15, 2024

Consumer Spending Resilient in October

Consumer spending remained strong in October, despite some details suggesting weakness, according to a report from the Census Bureau on Friday.


Consumer Spending Resilient in October

User spending in October remained stable, despite some weakness in certain areas, as reported by the National Statistical Bureau on Friday.

However, according to the bureau's statistical data, consumer spending in this month increased by 2.5% compared to the previous month, which indicates that the level of consumption remains at a high level.

"It is important to note that consumption continues to remain at satisfactory levels, despite some shifts in individual sectors," emphasized the chief economist of the National Statistical Bureau.

He also added that the data for October indicates that the purchasing capacity of the population has not decreased, which is important for the overall economic stability of the country.