U.S. personal spending rises 0.3% in November

U.S. consumer spending rose in line with market expectations in November, underlining optimism over the health of the economy, official data showed on Wednesday.In a report, the Commerce Department said that personal spending inched up by a seasonally adjusted 0.3% last month, meeting forecasts. Personal spending for October was revised down to a flat reading from a previously reported gain of 0.1%.Consumer spending is the single biggest source of U.S. economic growth, accounting for as much as two-thirds of economic activity.