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Here come personal income and spending …

September 30, 2016

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Personal income rose 0.2% in August, while spending was flat, according to the Department of Commerce.

On Thursday, the third estimate ofsecond-quarter gross domestic product showed that consumer spending continued to play a key role in holding up the economy as businesses cut back.

Economists had forecast that personal incomes increased by 0.2%, while spending rose 0.1%, according to Bloomberg.

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