U.S. consumer spending gauge rises, but confidence weakens

A gauge of U.S. consumer spending rose in September as Americans likely snapped up Apple’s new iPhone and bought¬†leisure¬†goods, but falling car sales pointed to sluggish economic growth.

And even the signs of strength could be short-lived as other data on Tuesday showed consumer confidence tumbled in October as a partial government shutdown rattled households.

With lawmakers still to agree on a budget, economists fear another damaging fight might be in the cards early next year.

 

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