Fri, 02 Mar 2012 07:36:00 GMT
US spending and personal income advanced in January
US spending added 0.2% in January after remaining flat in December while personal income climbed 0.3% compared to 0.5% in last month of 2011, said Commerce Department on Thursday. Economists questioned by Marketwatch predicted both indicators to advance 0.4%. Spending on durable goods surged 0.9% while that on non durable items soared 0.4%. Spending on services stayed flat.