Consumer Spending Dips M-O-M in August

Overall self-reported daily US consumer spending in stores, restaurants, gas stations, and online averaged $68 per day in August 2011, down 8% from $74 in July 2011, according to Gallup data. Spending has now returned to May and June 2011 levels, but remains 8% above the $63 average from August 2010.
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