US consumer spending rose in March, beating analysts' expectations.
Consumer spending added 0.4% in the month, twice what had been forecast US new home sales at 16-year-low ...
US consumer confidence falls ...
Rice apology for Obama file lapse ...
Dollar falls to record euro low ... - after a 0.2% rise in February, figures from the Commerce Department showed.
Consumer spending is closely watched in the US because it accounts for about two-thirds of total economic activity.
However, analysts remained cautious saying that most of the increased spending was due to the higher cost of energy and other products.
(BBC)
<< Back