US July Spending Increases 0.8%; Incomes Up 0.1%
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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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Spending by Americans shopping online during this year&#39;s holiday season rose 24 percent to $8.8 billion, with sharp gains in purchases of clothing and entertainment, Web company VeriSign Inc.
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U.S. incomes rose at a slower rate in August, and spending slowed, the Commerce Department said.
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The Commerce Department said that stocks of unsold goods increased by 0.9 percent in July, down from a 1.1 percent rise in June.
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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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WASHINGTON - U.S. incomes and spending rose as expected in December, while core consumer prices gained less than anticipated, suggesting inflation is contained, a government report showed on Thursday.
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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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The US economy grew at its fastest rate in one and a half years in the summer, a government report says.
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After taking a rest in June, the nation&#39;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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However, a sluggish rise in incomes in July raised concerns that spending might fizzle again soon if it is not supported by more substantive growth in jobs and wages.
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US consumer spending climbed 0.6 percent as expected in September and inflation remained benign, government data showed on Monday, as shoppers splashed out after showing restraint the previous month.
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Consumers continued to spend at a  stronger-than-expected pace in August as lower gasoline prices  helped spur spending in other areas, pushing up retail sales by  an unexpected 0.2 percent, a government report showed on  Thursday.
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US consumer spending climbed 0.6 percent in September, in line with expectations, as shoppers splashed out after showing restraint the month before, government data showed on Monday.
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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WASHINGTON Aug. 30, 2004 - After taking a rest in June, the nation&#39;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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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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US consumer spending is on the rise again, a sign the economy may be emerging from an early summer decline.