Spending data provide cheer for US economy
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US consumers delivered good news to the economy on Thursday, as data for July showed spending on goods and services was growing more quickly than at any time this year.
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The US economy grew at a healthy 3.7% annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said Friday.
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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 picked up speed in the third quarter to expand at a 3.7 percent annual rate, the government reported Friday in the last significant look at the economy before Election Day on Tuesday.
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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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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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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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U.S. data shows slightly stronger-than-expected growth but also pricing pressures.
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The US economy accelerated in the third quarter as consumers rediscovered a penchant to spend, economists forecast the government to report this week.
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U.S. consumers spent heartily in  July on goods ranging from cars to electronics as sales at  retail stores rose a greater-than-expected 1.4 percent, a  government report on Friday showed, suggesting the economy  still had spark.
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The US economy performed better than first expected in the three months to 30 September, revised figures show.
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Robust consumer spending during the third quarter helped the US economy advance faster than first thought, a government report showed on Tuesday, while underlying inflation was the tamest in decades.
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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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The US economy grew faster than expected in the last quarter of 2006, lifted by consumer spending.
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Robust consumer spending on cars,  furniture and food helped the U.S. 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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Trade deficit figures headline a light week for economic data.
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The US House of Representatives approves a major financial package designed to stimulate the US economy.