Personal Spending Rises 0.2% in March

[Stay on top of transportation news: .]

Personal spending rose 0.2% in March, the Commerce Department said Monday.

The rise followed a 0.7% gain in February. Economists’ median forecast was for spending to be little changed, Bloomberg News reported.

Personal incomes rose 0.2%,Ìýbelow economists’ forecast of a 0.4% rise, Bloomberg said.

A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.



Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics