U.S. personal spending rises in October
From Reuters US Online Report Business News | 2009-11-25 12:41:37
<div><p>WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October as incomes increased, data showed on Wednesday, offering some hope at the start of the fourth quarter for the nascent economic recovery.</p><p>The Commerce Department said spending increased 0.7 percent, after a revised 0.6 percent fall in September. Consumer spending in September was previously reported as slipping 0.5 percent. October's spending was above market expectations for a gain of 0.5 percent.</p><p>(Reporting by Lucia Mutikani; Editing by Padraic Cassidy)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=64218047&bid=informcom" /></div><div id="copyright"><div>
Copyright 2009 <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>
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