Consumer spending in the United States, which accounts for more than two-thirds of US economic activity, rose 0.1% in the month…
(Boursier.com) — Consumer spending in the United States, which accounts for more than two-thirds of American economic activity, rose 0.1% last month, the Commerce Department said on Friday. October data was revised up to +0.9%, from the +0.8% previously reported.
Economists had forecast consumer spending to rise 0.2%. Some of the moderation in spending last month reflects a shift in demand from goods to services…
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