Consumer spending, income stall; Sandy a factor

By Lucia Mutikani

WASHINGTON |
Fri Nov 30, 2012 11:33am EST

WASHINGTON (Reuters) – Consumer spending fell in Oct for a initial time in 5 months and income expansion stalled, heading some economists to cut already diseased estimates of fourth-quarter mercantile growth.

Superstorm Sandy was partly to censure for a pullback in spending as a entertain started, though economists pronounced a information on Friday also underscored a economy’s elemental weakness.

The Commerce Department pronounced consumer spending fell 0.2 percent after a 0.8 percent boost in September. Income expansion was prosaic as salary and salaries forsaken 0.2 percent, in partial since of work disruptions caused

Read full article: http://www.brisbanetimes.com.au/environment/conservation/nile-claims-win-on-fisheries-shutdown-20121121-29pnh.html

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Source:
http://www.news.ezonearticle.com/2012/11/30/consumer-spending-income-stall-sandy-a-factor/