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buy apple account:U.S. consumer spending rebounds in January

admin2021-02-2832

WASHINGTON - U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to low-income households and new COVID-19 infections dropped, setting up the economy for faster growth in the first quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 2.4% last month after decreasing 0.4 in December, the Commerce Department said on Friday. Personal income shot up 10% last month. Economists polled by Reuters had forecast consumer spending rebounding 2.5% in January and income accelerating 9.5%. REUTERS
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