facebook
twitter
search
search

U.S. consumer spending rose in February

March 29, 2013 at 9:22 AM

WASHINGTON, March 29 (UPI) -- Consumer spending rose 0.7 percent and incomes were up 1.1 percent in February, the U.S. Commerce Department said Friday.

Personal spending rose by $77.2 billion, with help from a $143.2 billion boost in incomes.

Disposable incomes increased by $127.8 billion, or 1.1 percent, the department said.

The figures represent a turnaround for workers, who had incomes drop by 3.7 percent and disposable incomes slide 4 percent in January.

Wages regained almost to the dollar what had been lost in January. The $42.7 billion drop in wages in January turned to a $42.4 billion gain in wages and salary disbursements in February.

Personal savings in February totaled $310.9 billion, up from $262.5 billion in January. The savings rate -- personal savings as a percentage of disposable income -- rose to 2.6 percent in February from 2.2 percent in the previous month.

Related UPI Stories
Latest Headlines
Top Stories
Australia receives seventh C-17 in record time
Work to prepare Portsmouth Navy base for new carriers begins
U.S. military service buys Israeli radar for testing
Army's Network Enterprise System at Fort Benning gets NCI supprt
Unidentified military orders SFC Energy's fuel cells