US consumer spending flat in December | Bangkok Post: news

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US consumer spending flat in December

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US consumers held tight to their wallets in December, the key holiday shopping season, despite a rise in incomes, according to Commerce Department data released Thursday. 

People walk by a sign advertising for seasonal sales in New York, January 8, 2013. US consumers held tight to their wallets in December, the key holiday shopping season, despite a rise in incomes, according to Commerce Department data released Thursday.

Household spending edged up 0.2 percent from November, only half the growth of the prior month and slightly below the consensus estimate of 0.3 percent.

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