Consumer spending grew less than expected
in November as salaries decreased first time in last three months, indicating
US recovery might not be as fast as previously estimated. Economists surveyed by
Bloomberg forecast spending increase between 0.2% and 0.6%. Personal income
added 0.1% in November. Drop in wages harmed growth in spending, said Yelena
Shulyatyeva, BNP Pariba's economist in New York.
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