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Consumer spending in US beats forecast as petrol prices drop

More shopping for clothing, electronics and cars with rising employment and confidence
Thursday, December 25, 2014 - 05:50

HIGHER SALES: The improving outlook is driving holiday-season shopping, benefiting retailers.


CONSUMER spending rose more than forecast in November as incomes increased and petrol prices dropped, indicating the biggest part of the US economy is strengthening as the year ends.

Household purchases climbed 0.6 per cent, the most in three months, after a 0.3 per cent

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