Pace of consumer spending growth slowed in December

01/31/2013 | Tampa Bay Times (St. Petersburg, Fla.)

Consumer spending rose 0.2% in December, slower than the 0.4% rise the month before, according to the Commerce Department. The report, released Thursday, also revealed that personal income increases hit an eight-year high, driven largely by dividend payments that companies made ahead of income tax increases that took effect Jan. 1.

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Tampa Bay Times (St. Petersburg, Fla.)

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