Consumer spending lifts US growth
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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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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WASHINGTON - After taking a rest in June, the nation'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.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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U.S. stocks rose on Wednesday after  data pointing to strength in consumer spending boosted optimism  about profit growth and as bond yields retreated from five-year  highs.
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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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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.
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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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Consumers put aside worries about slumping home sales and soaring gasoline prices and pushed spending up by the largest amount in three and a half years.
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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WASHINGTON - Consumers, who substantially slowed down their spending in late summer, roared back to life in September, boosting their purchases by 0.6 percent.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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The increase in consumer spending, reported by the Commerce Department today, marked a turnaround from the 0.2 percent decline in June.
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US consumer spending picks up again, official figures show, but retailers are still  concerned about Christmas spending.
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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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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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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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Consumer spending rose in December by the most in five months, helping the economy weather a slump in manufacturing that extended into 2007.