Monday, May 3, 2010

Consumer spending up, savings at 18-month low | Reuters

Coincident indicators confirming the expansion.

* * * * * J B K * * * * *

San Francisco

U.S. consumer spending rose in March for a sixth straight month as households pushed savings to a 1-1/2 year low, further evidence consumers were starting to take a bigger role in the manufacturing-led recovery.

The Commerce Department said on Monday spending rose 0.6 percent after rising by an upwardly revised 0.5 percent in February, previously reported as a 0.3 percent gain.

http://www.reuters.com/article/idUSTRE63F2NT20100503