Consumer Spending Up, Jobless Claims Fall

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000582-consumer-spending-up-jobless-claims-fall/

By Pedro Nicolaci da Costa, Reuters

U.S. consumer spending rose in October and factory output also was robust in November, though this growth failed to stoke significant inflation, according to reports on Thursday.

Personal spending climbed 0.2 percent in October while personal incomes rose 0.4 percent, broadly in line with Wall Street estimates, according to Commerce Department data. The same report showed an inflation index favored by the Federal Reserve — personal consumption expenditures excluding food and energy — rose a tame 0.1 percent, only half the gain expected by Wall Street.

For this complete story, please visit Consumer Spending Up, Jobless Claims Fall.