Friday, March 27, 2009

Consumer spending up for 2nd straight month

Sent from Express News
WASHINGTON - The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.

The Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, in line with expectations. That follows a huge 1 percent jump in January that was even better than the 0.6 percent rise originally reported.
By MARTIN CRUTSINGER AP Economics Writer

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