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Economics

Consumer, Business Spending Probably Rose: U.S. Economy Preview

Spending by U.S. consumers and businesses probably accelerated in November, a signal the economy is speeding up at the end of the year, economists forecast before reports this week.

Household purchases rose 0.5 percent after a 0.4 percent increase in October, according to the median estimate of 62 economists surveyed by Bloomberg News ahead of Dec. 23 figures from the Commerce Department. The same day, another report from the agency may show demand for durable goods excluding cars and aircraft climbed 2 percent.