Consumer personal spending rose 0.2% in January, the Commerce Department said Monday.
The uptick, the smallest since June, was below economists’ forecasts of a 0.4% increase, Bloomberg reported.
The final three months of 2010 were the strongest quarter in more than four years for personal spending.
Personal incomes rose 1%, the most since May 2009. Commerce said.
A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
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