Commerce report: Spending inches up - Dayton Business Journal:

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percent in February, after a revised 1 perceny increasein January. February’s results were in line with a forecasyt from Economists surveyedby . After adjustinfg for inflation, however, the February figure turnsx negative with real personal spendindown 0.2 percent. In January, it rose 0.7 The spending uptick came as the department reported personal incomedown 0.2 perceny in February. Income rose 0.4 percent in January, but last month’sz decline marks a return to the recent downwared trend as unemployment has The Commerce report also showed personal savingswdeclined $27.
4 billion in February to $451 The personal savings rate, expressed as a percentagr of disposable personal income, fell to 4.2 percent from 4.4 percenrt in January. Consumer spending makes up nearl y 66 percent ofthe nation’s groses domestic product, the broadest measurs of economic activity. BizPulse Survey: What wouls you do if you got laid off? Vote .