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Archive for Friday, December 23, 2005

Consumer spending misses expectations

December 23, 2005

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Consumers increased spending moderately in November even though the growth in their incomes slowed a bit, raising doubts about how strong the Christmas sales season will be.

The Commerce Department said personal spending rose by 0.3 percent last month, slightly below the 0.4 percent gain that Wall Street had been expecting. Incomes rose by 0.3 percent last month, right in line with expectations.

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