Consumer Spending and Incomes Up, Savings Down in Feb

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012693-consumer-spending-and-incomes-up-savings-/

The U.S. Department of Commerce announced Friday that U.S. consumer spending increased 0.1% in February. U.S. incomes rose 0.3% in the month, with real disposable incomes increasing by 0.2%.

For the eleventh straight month, though, the savings rate for American consumers was negative. In February, the savings rate was -0.5%.

Core inflation rose 0.1% as prices remained unchanged.

Consumer Spending and Incomes Up, Savings Down in Feb

Unknown Author

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