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LATEST US DATA

Consumer spending rises more than forecast in August

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By maintaining spending, which accounts for 70 per cent of the US economy, consumers are helping the United States overcome international risks that threaten to weigh on growth.

Washington

HOUSEHOLD spending climbed more than forecast in August and incomes also rose as the biggest part of the US economy continued to power past a global slowdown.

Consumer purchases climbed 0.4 per cent, matching the gain in July that was larger than previously reported,