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Consumer spending falls by 0.2 percent in March
By MARTIN CRUTSINGER,AP Economics Writer AP - Friday, May 1
WASHINGTON - The government says consumer spending fell for the first time in three months while income growth slipped for a second straight month, indicating that the economy is still struggling to emerge from the recession.
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The Commerce Department says that consumer spending dropped by 0.2 percent in March, worse than the 0.1 percent decline that economists had expected.
Incomes, reflecting the continued massive way of layoffs, dropped by 0.3 percent, worse than the 0.2 percent dip that had been expected.
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