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November 16, 2009

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Spending rises modestly

Friday, June 27, 2003 | 12:05 p.m.

WASHINGTON -- Consumers kept close watch on their purse strings and nudged up their spending in May by 0.1 percent for the second month in a row, the Commerce Department reported today.

Also, U.S. consumer confidence fell less than expected this month as stock prices rose and interest rates fell, a University of Michigan survey found.

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