Confident consumers brighten economic outlook

By means of Lucia Mutikani WASHINGTON (Reuters) – Client sentiment hit a 5-month high heading into the end of the 12 months and spending notched its strongest month since the summer, the most recent indicators of sustained power within the financial system which might be fostering hopes of a strong 2014. Consumer spending rose in November at the quickest p.c. given that June and an upbeat sentiment reading for December suggests customers will keep buying regardless of tepid earnings increase. Consumer spending rose 0.5 percent after gaining zero.four p.c in October, the Commerce Department mentioned on Monday. When adjusted for inflation, consumer spending, which debts for more than two-thirds of U.S. economic job, additionally elevated zero.5 percent, probably the most given that February 2012.