U.S. Consumer Spending Rises

U.S. consumer spending, which rose a revised 0.2% from February to March, increased 0.3% in April, the Dept. of Commerce says.

Household income grew 0.4% in March but edged up only 0.2% last month. Economists say sluggish income growth could dampen consumer spending in the months ahead. That would be bad news, since consumer purchases account for about 70% of the U.S. economy.