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US consumer spending falls and income stays flat in Oct., held back by Superstorm Sandy

Canadian Press, The Canadian Press
0 Comments| November 30, 2012


WASHINGTON - Americans cut back on spending last month and saw no growth in their income, partly reflecting disruptions from Superstorm Sandy that could drag on economic growth in the final months of the year.

The Commerce Department said Friday that consumer spending dropped 0.2 per cent in October. That's down from an increase of 0.8 per cent in September and the weakest showing since May.

© The Canadian Press, 2005


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