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News Tag: fifth

March 29, 2010

US consumer spending up 0.3% in February

by Kay Murchie
According to the Commerce Department, consumer spending in the US rose for a fifth consecutive month in February, by 0.3%, as widely expected. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, followed a revised 0.4% rise in January. According to the data, consumers increased their spending on food and clothing, by ...