четверг, 15 марта 2012 г.

US consumer spending dips, savings rate surges

Frugal U.S. consumers trimmed spending in April _ although by less than expected _ as rising unemployment kept pocketbooks in check and motivated Americans to save.

With income growth far outpacing spending, Americans' personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported Monday.

Consumer spending dipped 0.1 percent in April. That was slightly less than the 0.2 percent reduction economists were expecting, although it marked the second straight month that consumers cut back. The pullback came after a burst of buying at the start of the year as shoppers took advantage of deeply discounted merchandise …

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