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U.S. Consumer Spending Up 0.1% in February

Wall Street Journal (03/30/15) Ben Leubsdorf; Jeffrey Sparshott

Consumer spending increased modestly in February as consumers earned more but saved more, a sign of cautious consumption that could temper economic growth. Personal spending rose a seasonally adjusted 0.1% from January, according to the U.S. Department of Commerce. Spending had fallen 0.2% in January and a revised 0.2% in December. When adjusted for inflation, consumer spending declined 0.1% in February, the first monthly decline in real spending since April 2014. Personal spending rose 0.4% from January to February. Economists polled by the Wall Street Journal had expected spending would rise 0.2% and income would rise 0.3%.