Personal Spending Rises Slowly and Consumer Sentiment Is Strong
Consumer spending rose slowly in November as shoppers began the holiday season wrestling with inflation fears and concerns over surges in Covid-19.
U.S. consumer spending rose 0.6%, the Commerce Department said Thursday. That compares with a 1.4% rise in October.
Retailers are more agile than they were two years ago, and have evolved their processes to deal with abrupt changes in consumer behavior. “The larger companies with big profit pools are best suited to react.”
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