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The Boston Globe

Business

Consumers cut back on spending in June

Report weaker than forecast; outlook brighter

WASHINGTON — The US economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.

Americans bought more cars and trucks, furniture, and clothes. But they cut back almost everywhere else. They spent less at restaurants and bars, reduced purchases at home improvement stores, and bought fewer computers and electronics.

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