U.S. CONSUMER SPENDING REBOUNDED IN FEBRUARY

Key Points:

  • U.S. consumer spending rose by 0.4%, or $87.8 billion, in February after falling 0.3% in January.
  • Personal income increased by 0.8%, or $194.7 billion, in February, up from 0.7% in January.
  • The overall personal consumption expenditures price index rose 0.3% in February and is up 2.5% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in February and is up 2.8% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source