Personal spending rises in February

Personal spending rose for a fifth straight month in February, while personal income was virtually unchanged, according to government data released Monday.

The Commerce Department said Individual spending rose 0.3%, or $34.7 billion last month. The figure was in line with the 0.3% rise economists expected, according to a consensus compiled by Briefing.com

Personal income climbed $1.2 billion, or less than 0.1%, during the month, after a 0.3% rise in January. The figure was close to the 0.1% rise expected.

Read Full Article from CNNMoney.com

- Posted: 2010-03-29 09:24:38

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