Consumer Spending in U.S. Rose 0.1% in February for Third Month
U.S. Feb. Consumer Spending Rises 0.1%
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Personal spending barely increased in February and the prior month’s advance was revised down as Americans saved more of their incomes.
Spending on goods and services climbed 0.1 percent for a third month in February, Commerce Department figures showed Monday. January outlays were revised from a previously reported 0.5 percent gain. Incomes rose 0.2 percent, pushing the saving rate to a one-year high.