The document summarizes consumer economic trends in September 2016. It finds that the US economy failed to gain momentum in the second quarter as falling business investment was not offset by strong consumer spending. Consumer spending grew 0.3% in July while retail sales were unchanged, with gasoline prices still dragging on growth. Job gains slowed to 151,000 in August from over 270,000 in previous months. Consumer sentiment dipped slightly but revolving debt continued to rise, though debt levels remain stable relative to income.