Personal Spending Falls in September

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Consumer personal spending dropped 0.3% in September, the biggest drop in four years, the Commerce Department said Friday.

Spending did not change in August and July, Bloomberg reported.

Incomes rose 0.2%, Commerce said.

Economists forecast spending would rise 0.2%, Bloomberg said.



An increase in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.

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