Us Spending Rise Fastest for Three Years ; Economy Today: Economy

Summary


AMERICANS increased their spending sharply in December and consumer purchases for all of 2010 rose at the fastest pace in three years, new figures show.

Consumer spending rose 0.7% in December, the sixth straight monthly increase, the US Commerce Department reported. Households saw their incomes rise 0.4%, the same as November.

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Us Spending Rise Fastest for Three Years ; Economy Today: Economy

For all of 2010, consume...

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