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Consumer spending rose further than expected

Consumer spending in the United States rose 0.9 percent in March compared to a month earlier. The US Department of Commerce announced this.

Economists generally expected an increase of 0.7 percent. In February there was an increase of 0.1 percent. The personal incomes of American consumers increased by 0.1 percent on average in March. Here an average increase of 0.4 percent was predicted.

An important inflation component in the spending figure, the so-called Core PCE, amounted to 1.6 percent on an annual basis. The Federal Reserve sees this key figure on inflation as its most important indicator of price development.

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