US consumer spending up modestly, durables jump
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Consumer spending south of the border increased at a more modest rate last month after a big jump in October, according to a report Thursday from the US Commerce Department.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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Consumer spending in the US rises by its largest amount in three-and-a-half years in November, figures show.
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The US Commerce Department said Monday personal income grew modestly in September, while consumer spending rebounded from the previous month.
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Shoppers spent more freely in July as consumer spending rose slightly, though tepid growth in personal income raised concern about whether the trend will continue.
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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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U.S. online consumer spending from Nov. 1 to Dec. 31 was up 19% from the same time last year, according to comScore.
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The Commerce Department said consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes.
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U.S. personal spending jumped a much bigger-than-expected 1.1 percent in November, the sharpest rise in more than two years, while prices rose, a Commerce Department report showed on Friday.
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U.S. consumer prices rose modestly in November as energy costs that had shot up a month earlier and fanned inflation fears posted only a small gain last month, the Labor Department said on Friday.
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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US consumer spending rose 0.8 percent in July after a smaller decline in June than previously reported, a sign the economy is accelerating.
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WASHINGTON - U.S. incomes and spending rose as expected in December, while core consumer prices gained less than anticipated, a government report showed on Thursday.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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US retail sales rose modestly as expected last month, but the underlying message from the consumer was strong at the start of the fourth quarter after record oil prices failed to deter shoppers.
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U.S. consumer spending rose a sharper-than-expected 0.7 percent in October, but rising food and energy prices ate up much of that gain, a government report showed on Wednesday.
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U.S. consumer spending edged up a slim 0.2 percent in November, much weaker than October's robust 0.8 percent jump as purchases of new cars dropped sharply, a government report on Thursday showed.