US consumer spending rises strongly in Sept.

US consumer spending rose solidly in September as households stepped up purchases on automobiles and a range of other goods, setting up a firmer base for consumption this quarter.

By (Reuters)

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Published: Mon 29 Oct 2012, 6:57 PM

Last updated: Tue 7 Apr 2015, 12:28 PM

The Commerce Department said on Monday consumer spending increased 0.8 percent after a unrevised 0.5 percent gain in August.

Economists polled by Reuters had expected spending, which accounts for about 70 percent of U.S. economic activity to increase 0.6 percent in September.


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