Consumer Spending in U.S. Declines as Sandy Reduces Wages

Spending by U.S. consumers unexpectedly declined and incomes stagnated in October as superstorm Sandy kept those in the Northeast from getting to work or from shopping at malls and car dealerships. Purchases decreased 0.2 percent, the weakest reading since May, after a 0.8 percent gain in the pri…

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Consumer Spending in U.S. Declines as Sandy Reduces Wages

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