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Consumer Spending Down in March

By DIANA GOLOBAY

Falling home prices and rising unemployment claims continued to put downward pressure on the Deloitte Consumer Spending Index in March. The index, compiled by Deloitte LLP “as an indicator of future consumer spending,” found that rising energy prices countered much of the recent growth in real wages and put many consumers on spending sidelines last [...]

Full post as published by Housing Wire on April 13, 2009 (boomark / email).