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LATEST US DATA

September consumer spending up 0.1%

It is the smallest gain recorded in 8 months; personal income also rises marginally

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UP AND ABOUT: Consumer spending rose at a brisk 3.2 per cent annual pace in the third quarter, helping to lift GDP growth to a 1.5 per cent rate.

Washington

US consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.

The Commerce Department data and another report from the Labor Department on Friday also