March 28, 2008
Consumer Spending Flat In February
Personal consumption stayed level in February despite some growth in disposable income, according to a report from the U.S. Commerce Department released this morning.
In inflation-adjusted dollars, there was no change in customer spending in February, an increase of 0.1 percent in January and a decrease of 0.1 percent in December. Meanwhile, disposable income rose 0.5 percent in February and 0.4 percent for each of the two preceding months.
In inflation-adjusted dollars, there was no change in customer spending in February, an increase of 0.1 percent in January and a decrease of 0.1 percent in December. Meanwhile, disposable income rose 0.5 percent in February and 0.4 percent for each of the two preceding months.
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