Consumer Spending in U.S. Surges with 0.8% Rise in February
Friday, 29 March 2024, 12:42
Consumer spending in the U.S. rebounds
The latest report reveals a significant increase in household spending by 0.8% last month, marking the largest rise in 13 months. This surge in buying power indicates a positive sign for the economy.
Key Points:
- Household spending registered a solid increase of 0.8% in February.
- Outlays experienced a smaller rise of 0.2%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.