Friday, August 31, 2007

Consumer Spending Rebounds in July

More good news that crAP chooses to spin with negative speculative qualifiers... although worries, but there are worries, however economists cautioned, however if incomes falter etc. etc. etc.

WASHINGTON (AP) -- Consumers returned to the malls in July after taking a breather in June, although worries about the future could make the rebound short-lived. The Commerce Department reported Friday that consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes, the best showing in this area in four months.

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