UPDATE 1-US consumer spending up in July despite flat income

Newswire

(Adds detail) By Jonathan Nicholson WASHINGTON, Aug 30 (Reuters) - U.S. consumers kept up their strong spending in July, taking advantage of renewed financing incentives to buy cars, even as income growth stalled, a government report released on Friday showed. The Commerce Department said personal spending surged 1.0 percent in July, its biggest gain since October. The gain was propelled by a 3.7 percent advance in spending on durable goods. That was also the biggest monthly gain ...

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