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Personal Spending Rises 0.2% in August

9/30/2011 9:00:00 AM
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Consumer personal spending edged up 0.2% in August, the Commerce Department said Friday.

The slight increase followed a revised 0.7% gain in July that was smaller than originally reported.

The August gain matched economists’ forecasts, Bloomberg reported.

Personal incomes dipped 0.1%, the first decrease since October 2009, Bloomberg said.

A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.

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