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Saturday, 1 November 2008

SPENDING FEARS FOR CONSUMERS IN THE U.S.!

Consumer spending in the US fell in September/October by the biggest amount in four years, the Commerce Department said.
Personal spending fell by over 0.3% last month, despite a rise in incomes of around 0.2%, officials figures show this week.
The drop in expenditure was the biggest since June 2004, and steeper than economists had feared/predicted.

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