Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
WASHINGTON (AP) — Consumers increased their spending by a modest 0.3 percent in November, in line with expectations.
The Commerce Department says the increase followed a nearly flat reading in October.
The data on consumer spending, which accounts for two-thirds of economic activity, was inadvertently released by the government Tuesday, ahead of the scheduled release time early Wednesday. The rest of the data covering incomes, the savings rate and inflation were not released by mistake and were scheduled to be announced at the scheduled time of 8:30 a.m. Eastern.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.