U.S. Consumers Boost March Spending

April 28, 2013  by in UnCategorized   

By Aggregated Content in economic news on April 29, 2013 from http://www.washingtonpost.com/politics/us-consumers-boost-spending-02-pct-in-march-despite-higher-taxes-income-also-up-02-pct/2013/04/29/c9cdec72-b0c9-11e2-9fb1-62de9581c946_story.html

Americans kept increasing their spending in March and their income grew, further indication that consumers are shaking off higher taxes.

The Commerce Department said Monday that consumer spending rose 0.2 percent in March from February. That followed a 0.7 percent jump in February and a 0.3 percent gain in January.

Income increased 0.2 percent last month, following a gain of 1.1 percent in February. After-tax income also rose 0.2 percent.

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