Consumer Spending Grew in July
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Spending rose at twice the rate it did in June, suggesting that the economy may not be slowing as drastically as some had forecast.
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Consumers shrugged off higher gasoline prices in July and grew a bit more optimistic about the economy, a private research group said on Tuesday.
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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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The deficit for trade in goods has widened slightly in July from the figure for June.
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WASHINGTON -- Consumer spending rose in December by the most in five months, helping the economy weather a slump in manufacturing that extended into 2007.
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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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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. New-homes sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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Consumer sentiment climbed far more than expected in early July due to a surging stock market and reluctant acceptance of high gasoline prices, a survey showed on Friday.
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Consumer spending grew in April at the fastest pace in three months but much of that spending went to pay for higher gasoline prices. Rising price pressures pushed a key gauge of inflation favored by the Federal Reserve up by the largest amount in 13 months.
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U.S. online consumer spending from Nov. 1 to Dec. 31 was up 19% from the same time last year, according to comScore.
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US consumer spending rebounded sharply July, government data showed on Monday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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U.S. consumer spending in June grew at  its slowest pace this year while a measure of inflation reached  its highest mark in nearly four years, a government report  released on Tuesday showed.
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Consumer spending is shown to be the main driver of the US economy in the first quarter of 2007.
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US consumers spend more in May than the month before, encouraged by higher personal income.
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Consumer borrowing increased less than expected in July as higher incomes allowed Americans to reduce their credit card use.
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Increased spending by consumers and business helps US economic growth rise at a higher-than-predicted rate in the July to September period.
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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.