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MW; Consumer spending drops 0.6% in November
 
WASHINGTON (MarketWatch) -- Consumer spending fell 0.6% in November, the Commerce Department reported Wednesday, amid mounting job losses and persistent economic uncertainty. Analysts polled by MarketWatch had expected a 0.7% decline. Real consumer spending rose 0.6%. Personal income fell 0.2% in November, after a 0.1% gain in October. Analysts were looking for no income gain in November. Real disposable income rose 1% in November, after a 0.7% gain in the prior month. As analysts had expected, the core personal consumption expenditure price index was unchanged in November. This index was also unchanged in October, and is up 1.9% in the past year.
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