The Traderszone Network

Published in TZ Latest News 1 May, 2014 by The TZ Newswire Staff

Strong consumer spending, factory data buoy U.S. growth outlook

U.S. consumer spending recorded its largest gain in more than 4-1/2 years in March and factory activity accelerated last month, reinforcing views the economy was regaining steam. Consumer spending increased 0.9 percent in March after rising by 0.5 percent in February, the Commerce Department said. That was also the largest gain since August 2009 and put consumer spending on a strong upward trajectory heading into the second quarter.

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