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U.S. consumer spending up modest 0.3%

By The Associated Press

This article was published March 28, 2014 at 11:01 a.m.

WASHINGTON — Americans barely increased their spending in February after a weak January performance, strong evidence that the severe winter will hold back the economy in the first quarter.

Consumer spending rose 0.3 percent in February following an even weaker 0.2 percent rise in January, the Commerce Department reported Friday. The January performance was cut in half from an initial estimate of 0.4 percent.

Read tomorrow's Arkansas Democrat-Gazette for full details.


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