Consumer Spending Stronger Than Expected
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U.S. consumer spending rose a  sharper-than-expected 0.7 percent in October, showing the  economy off to a solid fourth-quarter start despite a step-up  in inflation, a government report showed on Wednesday.
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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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The pound was solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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US consumer spending rose by the largest amount for six months in July, Commerce Department figures indicate.
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The economy -- helped out by more brisk consumer and business spending -- grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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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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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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Robust consumer spending during the  third quarter helped the U.S. economy advance faster than first  thought, a government report showed on Tuesday, while  underlying inflation was the tamest in decades.
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Consumer spending accelerated in October as a surge in hiring led to the biggest rise in incomes in five months.
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U.S. incomes rose much more sharply  than expected in January, while spending and core consumer  price growth also outpaced forecasts, a government report  showed on Thursday.
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US consumers spend more in May than the month before, encouraged by higher personal income.
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Consumer spending emerged from a slump and rebounded in July as households dipped aggressively into their pocketbooks after an unexpected spell of restraint in June.
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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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French consumer spending rises more than expected as clothing sales recover.
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A rosier economic outlook will boost US holiday spending by up to 5 percent this year despite a firm resolution by many consumers to spend less, a consumer group said on Monday.
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U.S. consumers spent more than expected in January and manufacturing unexpectedly rose in February, according to reports on Thursday that suggested the economy was poised to grow even as inflation remained a risk.
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Consumer spending climbed 0.6% in September, in line with expectations, as shoppers splashed out after showing restraint the month before, government data showed Monday.