USA: growth of consumer spending slows down

[Guest guest]

Dear friends,

 

Concerns increase about the flagging dynamism of the mainstay of

economic growth in the USA.

 

Best wishes,

 

Thor

 

U.S. Economy: Spending Cools, Risking Further Economic Slowdown

By Joe Richter

 

April 30 (Bloomberg) -- Consumer spending in the U.S. rose less than

forecast in March, raising doubts about the staying power of what

Federal Reserve Chairman Ben S. Bernanke called the mainstay of

economic growth. Purchases gained 0.3 percent from the prior month,

less than half the 0.7 percent increase in incomes, the Commerce

Department said today in Washington.