Economics
Gain in U.S. Consumer Spending Accompanied by Rising Incomes
- Gain in inflation-adjusted outlays biggest in three months
- Wages got boost in November from new auto-worker contract
Examining the State of the U.S. Economy
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An increase in consumer purchases in November was accompanied by rising wages and scant inflation, indicating the biggest part of the U.S. economy will continue to underpin growth.
Household incomes climbed 0.3 percent, more than forecast, after a 0.4 advance in November, a Commerce Department report showed Wednesday in Washington. Prices were little changed, so spending rose 0.3 percent after adjusting for inflation, the most in three months.