By Ben Rooney, CNNMoney.com staff writer
Last Updated: March 27, 2009: 10:00 AM ET
NEW YORK (CNNMoney.com) -- Consumer spending rose in February, rebounding for the second month in row after falling for 6 straight months, according to government figures released Friday.
The Commerce Department said spending by individuals rose 0.2%, after increasing a revised 1.0% in January. February's results were in line with a forecast from Economists surveyed by Briefing.com.
After adjusting for inflation, however, real personal spending declined 0.2%. In January, it rose 0.7%.
... Continue reading at http://money.cnn.com/2009/03/27/news/economy/personal_spending_income/index.htm
Friday, March 27, 2009
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