275  7TH Ave  7th floor New York , NY 10001                                                                                                                dcullinanecpa@yahoo.com

​                                                                                                                                                                                                     Chelsea / Lower Manhattan​​

​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     

​CONSUMER SPENDING CLIMBS

​SEPTEMBER NEWSLETTER

Consumer spending rose for the fourth straight month in July, a sign domestic consumption could continue to drive US economic growth over the second half of the year.  Personal consumption which measures how much Americans spent on everything from hotel stays to hamburgers roase a seasonally adjusted .3% in July from a month earlier, the Commerce Dept. said. Income rose .4% a pickup from growth in the prior two months. Both measures matched consensus expectations from economists surveyed the the Wall Street Journal