Luxury goods spending slows — Wall Street Journal

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Consumers in the United States have slowed down on their purchases of luxury goods:

U.S. consumers slowed their spending on luxury goods in recent months, according to credit-card data from Mastercard Inc., Citigroup Inc. and BofA Securities Inc. Spending over the summer and into September fell from the same period a year earlier, after posting double-digit percentage gains for most of the past two years.

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