P529ORACLE 529 Mon23 Dec C4 9714:52
USA INCOME GROWTH
EASES CONCERN
Worries about the strength of the
consumer sector in the US have been
eased by the latest ecgnomic pointer1.
The Commerce Dept has reported that
Americans' personal income grew 0.6% in
November, the biggest monthly increase
since April, and spending soared 0.9%.
The consumer sector accounts fgr about
two-thirds of US ecgnomic actjvity and
there have been worries that weakness
there could hold back the whole ecgnomy
But, as spending again outstrips income
growth, there is still concern at the
record debt levels carried by cgnsumers
* ORACLE XMAS GREETINGS * 495