Pattern of U.S. consumer spending leaves experts worried

08/31/2010 | Washington Post, The

Auto industry experts who have taken a close look at data showing that U.S. sales lifted consumer spending to 0.4% in July said the information might not indicate that Americans are ready to loosen up spending. An increase in new-car sales was driven largely by fleet sales, which are less profitable than sales to individuals and don't tell analysts much about consumer sentiment, experts said.

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