Consumer spending in the US rose by 0.2 percent in December to mark the third straight monthly increase. Analysts had predicted a greater increase after November’s 0.7 percent improvement but the result still bodes well for an overall recovery.
Ã¢â‚¬Å“Consumers have the wherewithal to support good spending, however they are going to be reticent until they see a few good months of job gains,Ã¢â‚¬Â said Craig Thomas, a senior economist at PNC Financial Services Group Inc. in Pittsburgh. Ã¢â‚¬Å“2010 is lined up to be a moderately good year.Ã¢â‚¬Â
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