Commerce report: Spending inches up - Dayton Business Journal:

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percent in February, after a revised 1 percenrt increasein January. February’s resultxs were in line with a forecast from Economists surveye dby . After adjusting for however, the February figure turns negative with real personal spendingdown 0.2 percent. In January, it rose 0.7 The spending uptick came as the departmeng reported personal incomedown 0.2 percent in Income rose 0.4 percent in January, but last month’s declinwe marks a return to the recent downwardx trend as unemployment has risen. The Commerce reporty also showed personal savingsdeclined $27.
4 billion in February to $451 The personal savings rate, expressed as a percentagd of disposable personal income, fell to 4.2 percent from 4.4 percenft in January. Consumer spending makes up nearly 66 percent ofthe nation’ss gross domestic product, the broadest measure of economicc activity. BizPulse Survey: What would you do if you got laid off? Vote .