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US Consumer Spending Flat in August as Auto Purchases Drop

U.S. consumer spending in August turned in the weakest performance in five months, reflecting a drop in spending on autos. Income growth also slowed in August as wages and salary gains were smaller following four strong months. The Commerce Department says that consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June. It was the poorest showing since a flat reading in March. Personal incomes rose 0.2 percent last month, just half the...

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