US Consumer Spending Softened in November
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In WASHINGTON story headlined, &quot;US consumer spending softened in November,&quot; please read in the fifth graph... meaning that Americans were setting aside 0.3 cent out of each dollar... instead of... setting aside 3 cents out of each dollar.
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Most Americans are planning to curb their holiday spending this year, making it a challenging shopping season for U.S. retailers, according to a holiday buying survey by The NPD Group.
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The costs of imported goods rose less in November than a month earlier, restrained by a drop in petroleum prices that may help boost consumer spending and the US economy.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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Consumer inflation was a no-show in November as Americans enjoyed a third straight month of price relief led by big declines in energy costs. Meanwhile, industrial production staged a rebound led by rising output at auto factories.
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WASHINGTON -- Consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months.
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U.S. consumer prices held steady in November, confounding expectations of a small rise, as energy and vehicle costs dropped, according to a government report on Friday that eased inflation worries.
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More consumers are planning to spend less this holiday season than a year ago, according to a survey released on Tuesday that adds a fresh note of caution to what is shaping up to be a ho-hum holiday shopping season.
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The number of new mortgages being approved for home buying fell again in November.
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The outlook for the holiday season dimmed Thursday as the nation&#39;s retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.
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Consumer confidence declined in November for a fourth consecutive month, a private research group reported Tuesday, reflecting doubts about the economy in the months ahead.
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U.S. consumer sentiment ebbed in December as consumers pared back their view of their future financial conditions, raising concerns on the outlook for spending.
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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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_ Consumer confidence declined in November for a fourth consecutive month, a private research group reported Tuesday, reflecting doubts about the economy once the holidays are past.
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US consumers kept a closer eye on their wallets as they moved into the holiday shopping season, boosting their spending by a modest 0.2 per cent in November.
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US consumer sentiment improved at a slower pace than expected in November despite an improving labour market and easing energy prices.
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Consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.