Sandy slowed U.S. consumer spending, pay in October

Posted: November 30, 2012 at 11:30 a.m.

— Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Hurricane Sandy that could slow economic growth for the rest of the year.

The Commerce Department said Friday that consumer spending dropped 0.2 percent in October. It was the weakest figure since May, and it compared with a 0.8 percent spending increase in September.

Read more on this story in tomorrow's Arkansas Democrat-Gazette.