November 30, 2007

Consumer spending slows in October (AP)

A holiday shopper walks past an ALDO shoe store on Chicago's Magnificent Mile, Thursday, Nov. 29, 2007.  Consumers battered by a slumping housing market and a credit crunch slowed the growth in spending to the smallest amount in four months.  (AP Photo/Charles Rex Arbogast)AP – Consumers battered by a slumping housing market and a credit crunch slowed the growth in spending to the smallest amount in four months. In another sign of weakness, construction activity fell by a larger-than-expected amount.

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