Americans Spent More in March

WASHINGTON (AP) -- Consumer spending rose at a faster pace than expected in March, although virtually all of the gain occurred because of big increases in the price of energy and other products. The Commerce Department reported Thursday that consumer spending was up 0.4 percent in March, double the increase that economists had expected. However, once inflation was removed, spending edged up a much slower 0.1 percent. That represented the fourth straight lackluster performance as consumers have...Full Story
Commenting on this article is closed.