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Consumer Spending in U.S. Increases by Most in Three Mont

Consumer spending climbed in February by the most in three months as a pickup in incomes encouraged Americans to return to stores after a harsh winter held the economy back.

Household purchases, which account for almost 70 percent of the economy, rose 0.3 percent after a 0.2 percent gain in January that was weaker than previously estimated, according to Commerce Department figures today in Washington. The increase matched the median forecast in a Bloomberg survey of economists. Incomes also advanced 0.3 percent.