Friday, May 30, 2014


Sameoldsameold from Bloomberg.
Consumer spending unexpectedly fell in April after the biggest surge in almost five years as incomes slowed. Household purchases, which account for about 70 percent of the economy, dropped 0.1 percent, the first decrease in a year, after a revised 1 percent gain the prior month that was the strongest reading since August 2009, Commerce Department figures showed.


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