U.S. consumer spending rose solidly in February as households increased purchases of both goods and services, while inflation remained firm and personal income edged lower on declines in dividend income and government transfer payments rather than wages.
Personal consumption expenditures, the broad measure of household spending, increased $103.2 billion, or 0.5 percent, in February after a 0.3 percent gain in January, the Department of Commerce said Thursday. Spending on goods rose $58.7 billion and spending on services increased $44.5 billion. The increase was driven in part by a $32.6 billion rise in motor vehicles and parts outlays…
Read the full article at BREITBART.COM
