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 2017 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 This material may not be published, broadcast, rewritten, or redistributed.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Your email address will not be published.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

Rep. Trent Franks, R-Ariz., takes his seat before the start of a House Judiciary hearing on Capitol Hill in Washington, Thursday, Dec. 7, 2017, on Oversight of the Federal Bureau of Investigation. Franks says in a statement that he never physically intimidated, coerced or attempted to have any sexual contact with any member of his congressional staff. Instead, he says, the dispute resulted from a discussion of surrogacy. Franks and his wife have 3-year-old twins who were conceived through surrogacy. (AP Photo/Carolyn Kaster)

Trent Franks announces he is resigning immediately after wife is admitted to hospital

Franks said in a written statement his wife became ill Friday and he decided the best thing for his family would be for his resignation to become effective immediately.