Consumer Spending And Personal Income Climb In March
Posted in the Minneapolis Forum
#1 Apr 29, 2013
Source: LA TIMES
WASHINGTON -- Consumers spent more in March even as their income rose less than analysts had projected, a mixed economic message to start a week that will end with the latest government unemployment report.
Consumer spending was up 0.2% last month, down from February's 0.7% rise, the Commerce Department said Monday.
But spending still was up, an unexpected improvement. The median estimate of economists surveyed by Bloomberg News was that spending would be flat.
The March increase in spending came despite personal income's rising just 0.2%., less than the 0.4% estimated by economists.
Read more: http://www.latimes.com/business/money/la-fi-m...
More signs of an Obama economic recovery
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