In a spend­ing mood?

Richmond Times-Dispatch - - MONEY & MARKETS -

Econ­o­mists pro­ject that con­sumer spend­ing was little changed last month.

Spend­ing rose 0.2% in Jan­uary, even as Amer­i­cans’ in­come surged 0.6%, the big­gest in­crease in nearly a year. The Com­merce Depart­ment is ex­pected to re­port to­day that con­sumer spend­ing rose 0.2% last month. Amer­i­cans ac­count for 70% of eco­nomic ac­tiv­ity, so the more they spend, the more the econ­omy grows.

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