US consumer spending rises 0.2% in September

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US consumer spending rises 0.2% in September

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11-02-2010, 04:00 AM

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US consumer spending rises 0.2% in September

According to the Commerce Department, consumer spending in the US rose by 0.2% in September, after increasing by 0.5% the previous two months. The figures suggest consumers are tightening their purse strings despite very low prices. Consumer spending makes up for more than two-thirds of overall economic activity in the US. Meanwhile, personal incomes saw [...]

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