A sign advertising a sale is seen posted on a storefront in Philadelphia. Americans cut back on spending in October and saw no growth in their income, reflecting disruptions from Superstorm Sandy. On Friday the Commerce Department said consumer spending dropped 0.2 percent in October. That's down from an increase of 0.8 percent in September and the weakest showing since May. Income was flat in the month following a 0.4 percent rise in September.
A sign advertising a sale is seen posted on a storefront in Philadelphia. Americans cut back on spending in October and saw no growth in their income, reflecting disruptions from Superstorm Sandy. On Friday the Commerce Department said consumer spending dropped 0.2 percent in October. That's down from an increase of 0.8 percent in September and the weakest showing since May. Income was flat in the month following a 0.4 percent rise in September.
Photo by Associated Press /Chattanooga Times Free Press .
published Friday, November 30th, 2012
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