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Strong sales, sentiment data boost U.S. recovery hope | Reuters

Shopping: Strong sales, sentiment data boost U.S. recovery hope

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Gifted submitted 2009/12/11 22:59, published 2009/12/11 22:59 | 367 views
Tags: sales, U.S., sentiment, recovery, hope

http://www.reuters.com/article/idUSTRE5B92XZ20091211

WASHINGTON (Reuters) - U.S. consumers stepped up their spending in November and grew more optimistic this month, unexpectedly strong data showed on Friday, raising hopes a self-sustaining economic recovery was starting to unfold.

A slew of data this week has suggested the recovery is gaining momentum, pulling further away from the devastating recession that pushed unemployment to quarter-century highs and raising hopes the economy can return to normal growth without massive government support.

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