Quantcast
Home / Home news / Ariz. saw a rise in consumer spending in October

Ariz. saw a rise in consumer spending in October

Consumers in Arizona spent more money in October on automobiles, clothes and other goods than in that same month a year earlier.

The Arizona Republic reports that that state records show that shoppers spent $3.8 billion on retail goods during October.

That’s up 7.3 percent from the $3.6 billion for the same month a year earlier.

It’s the latest in a string of year-over-year monthly gains that lead economists to believe that economic recovery is solidly under way in Arizona, albeit at a slow pace.

Dennis Hoffman, director of the L. William Seidman Research Institute at Arizona State University, say the real measure will come in the spring when the monthly taxable sales figures are compared against year-earlier numbers that began to reflect the start of the economic recovery.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

July 21, 2016 file photo of Sheriff Joe Arpaio (Associated Press)

Arizona sheriff’s criminal contempt trial moved to April 25

The NCAA men's Final Four basketball tournament scheduled for early April in the Phoenix area has pushed back outgoing Maricopa County Sheriff Joe Arpaio's trial on a criminal contempt-of-court charge.