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U.S. Personal Income, Outlays Decline

Reversing four months of gains, both personal income in the U.S. and consumer spending decreased in August, the most recent month for which data are available. Personal income fell $5.3 billion or one-tenth of a percentage point in August; personal consumption expenditures fell $47.2 billion or half a percent, the U.S. Commerce Department reported on September 30.

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