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Consumer spending posts weak April reading (access required)

by admin

Published: May 28,2010

Time posted: 8:34 am

Tags: consumer confidence, retail sales

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Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow. The flat spending level was the weakest showing in seven months, according to the Commerce Department report. Personal incomes rose 0.4 percent, in line with expectations but not fast enough to help generate real growth. More people are ...





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