Fred Business News - Consumer spending jumped in March, even as income grew at a slower pace, according to a government report released Thursday.
The Commerce Department said personal spending by individuals in current dollars rose 0.4% in March, exceeding the 0.2% increase expected by economists surveyed by Briefing.com. February's gain was 0.1%.
The report showed personal income increased 0.3% in March, less than the 0.4% increase expected by economists. February's gain was 0.5%.
In inflation-adjusted dollars, personal income remained flat from the prior month.
