By  on March 29, 2013

Consumer spent more than expected last month as incomes grew, and although the retailers missed out on much of that spending, there are signs that momentum could be turning in the industry’s favor.


February personal consumption expenditures rose 0.7 percent on top of the 0.4 percent rise in January, according to a Commerce Department report today. The gain in February came in ahead of the 0.6 percent economists projected.

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