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.
Comments
sean 8 years, 3 months ago
Oh my God!! People aren't spending as much?! Why do consumers hate America so much? Do they want the Al-Qaida to win?
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