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News / Business / Business Briefs

Consumer spending rose a solid 0.3 percent in October

By Associated Press
Published: November 30, 2017, 4:30pm

WASHINGTON — Consumers boosted their spending a solid 0.3 percent in October, while their incomes grew 0.4 percent. Both were healthy gains indicating the all-important holiday shopping season was getting off to a good start.

October’s hike in consumer spending followed a 0.9 percent rise in September, the Labor Department reported Thursday.

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