And that is likely to cause a decline in consumer spending".
A decline in consumer spending was a major culprit in the economy's setback.
We are experiencing the steepest temporary decline in consumer spending since the Depression.
Factories have been hurt by a decline in consumer spending and slower global growth that has cut demand for exports.
Investors also looked past a decline in consumer spending for May, largely because it was a smaller-than-expected decrease.
Stocks of many stores, including Penney, have fallen amid a housing slowdown and a decline in consumer spending.
Putting that episode aside, this year's drop represents the sharpest decline in consumer spending since the end of 1974.
The expansion comes as the United States economy sputters anew and Europe's fiscal crisis worsens, creating fears of a decline in consumer spending.
A decline in consumer spending contributed to a slight contraction in the third quarter from the previous three months, according to Brazil's statistics agency.
As the financial crisis snowballed this year, retail sales fell sharply, and government figures showed the first across-the-board decline in consumer spending since 1991.
And government reports showed a 1.8percentt decline in consumer spending in September and an 0.4percentt drop in September's construction spending.
