Rebound in US consumer spending
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US consumer spending is on the rise again, a sign the economy may be emerging from an early summer decline.
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U.S. claims for jobless benefits jumped last week, while consumer spending was unexpectedly flat in August as shoppers closed their wallets after splashing out the previous month, the government said on Thursday.
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Americans spent and earned slightly more money in November than in the previous month and orders to factories for durable goods rebounded, showing
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The increase in consumer spending, reported by the Commerce Department today, marked a turnaround from the 0.2 percent decline in June.
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US consumers opened their wallets and purses in a big way in September, with spending shooting up 0.6 percent. Joseph Zeppieri of West Melbourne looks at new vehicles at Kelly Ford in Melbourne.
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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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U.S. incomes and spending rose in October, providing the means for consumers to keep spending as the holiday shopping season approached, while core consumer prices rose modestly, the government reported on Thursday.
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The outlook for the US economy in 2007 has picked up, a survey indicates, thanks to robust consumer spending.
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US consumers boosted spending only slightly in November, compared with a brisk rise in October, according to a Commerce Department report.
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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 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 spend more in May than the month before, encouraged by higher personal income.
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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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US consumer spending rebounded in July, a sign the economy may be emerging from an early summer decline. Consumer spending rose 0.8% last month, boosted by car and retail sales.
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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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After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.
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U.S. incomes and spending rose in  October, providing the means for consumers to keep spending as  the holiday shopping season approached, while core consumer  prices rose modestly, the government reported on Thursday.