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Consumer spending moderates in the US in October

Consumer spending moderates in the US in October

The US Government reported that consumer spending had moderated in October, with spending rising 0.5% after a revised 1.2% gain in the prior month. This is the smallest gain since the month of April, and economists who were polled by MarketWatch expected a 0.4% rise. Incomes also decreased by 0.7% in October, with government programs coming to an end.

Tom A
Tom A
Top in Business