Wednesday, Jul 27, 2016
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Business

Rise in spending shows economic confidence

WASHINGTON — Americans increased their spending in September at twice the rate their income rose, a sign of confidence in the economy.

The Commerce Department said consumer spending increased 0.8 percent in September, the best showing since February. Personal income rose 0.4 percent, an improvement from a slight 0.1 percent gain in August and the best gain since March.

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