Home Economy U.S. Consumer Spending Grew More Slowly in September

U.S. Consumer Spending Grew More Slowly in September

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Growth in household spending slowed and income fell in September as a combination of high Covid-19 cases, product shortages, rising prices and the end of enhanced unemployment benefits held consumers back.

Consumer spending rose 0.6% in September over the previous month, down from a 1% increase in August, the Commerce Department said Friday.

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