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Bloomberg Businessweek Weekend - October 27th, 2023
Bloomberg Businessweek
Consumer Spending: A Closer Look
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Consumer spending on services, restaurant costs, and travel has increased, indicating confidence in the economic future. However, consumer spending on durable goods like washing machines and kitchen remodeling is more significant and requires confidence in the broader environment. Overall, consumer spending is positive, but the durable category presents a slightly different picture.
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