Spending Rebounds, Good News for Growth
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U.S. consumer spending rebounded  sharply July, government data showed on Monday, erasing the  disappointment of June and bolstering hopes that the U.S.  economy has recovered from its recent soft spot.
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US consumers shrugged off record oil prices to lift spending at the start of the fourth quarter, data on Friday showed, in an upbeat sign for growth
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U.S. consumer spending rebounded  sharply in July, government data showed on Monday, erasing the  disappointment of June and bolstering hopes that the U.S.  economy has recovered from its recent soft spot.
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The U.S. economy grew at a stronger pace than expected in the final quarter of 2006 without raising inflation pressures, government data showed on Wednesday, as robust consumer spending more than offset the biggest slump in housing in 15 years.
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The outlook for growth in technology spending is encouraging, according to corporate technology buyers and industry analysts.
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Massachusetts' recovery picked up speed in October as an improving job market and strong consumer spending propelled the state's economy to one of its best performances since early 2000, the University of Massachusetts reported yesterday.
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Double-digit revenue growth is the highlight of a good quarter.
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The productivity of American workers rebounded at a rapid clip at the start of this year and wages posted a solid gain as well, the government reported Thursday.
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Robust consumer spending on cars, furniture and food helped the US economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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Consumers and businesses boosted their spending a bit more quickly in late summer than previously thought, fueling faster overall economic growth, the government reported Tuesday.
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The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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Spending by US consumers rose in November, suggesting shoppers will continue to boost economic growth this quarter. The 0.2 percent gain in personal expenditures on goods and services
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WASHINGTON -- The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.
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Industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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WASHINGTON - The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.