Personal Outlays, Income Meet Expectations

ByJohn S. McClenahen U.S. consumer spending in March advanced 0.4% ($28.8 billion) in March, matching in percentage terms a 0.4% ($36.4 billion) increase in personal income, says the U.S. Commerce Department's Bureau of Economic Analysis. Both percentages matched what economists generally expected them to be. Personal saving in March was $172.2 billion, some $11.1 billion higher than February's $161.1 billion. The personal savings rate in March was 2.2%, in line with expectations and just slightly above the 2.1% rate in February.