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Updated:
2/1/2010 8:40:00 AM
Consumer Spending Rises for Third Month
Consumer personal spending rose 0.2% in December, the third straight increase, the Commerce Department said Monday.
The uptick followed a revised 0.7% gain in December that was greater than originally reported. Personal incomes rose 0.4%.
Economists had forecast spending and incomes to rise 0.3%, Bloomberg reported.
An increase in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
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