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The latest data from the National Bureau of Statistics reveals a significant increase in consumer spending in the past quarter. This surge is attributed to a combination of factors, including rising wages, increased consumer confidence, and government stimulus measures. The retail sector has been a major beneficiary of this spending spree, with sales of both durable and non-durable goods experiencing strong growth. Analysts predict that this trend will continue in the coming months, as consumers remain optimistic about the economic outlook.
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