WASHINGTON –  U.S. consumer spending rebounded in November after a weak showing in October, while a key inflation gauge posted the fastest year-over-year increase in 11 months.

The Commerce Department says consumer spending increased 0.3 percent in November after an essentially flat reading in October and a 0.2 percent gain in September. Personal income rose a solid 0.3 percent in November, reflecting solid gains in wages and salaries, after a 0.4 percent October increase.

Economists are predicting that further improvement in the job market will support consumer spending in coming months.
 

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