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Consumer spending slows, factories roar (Reuters)
Published at 28 February 2011, 22:44 GMT

Shoppers carry their purchases along Broadway in New York City, May 11, 2008. Some retailers are offering discounts encouraging consumers to spend their tax rebate checks under a $150 billion economic stimulus package signed by President George W. Bush.REUTERS/Joshua LottReuters - U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.


 
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