U.S. consumers cut spending 0.2 percent in April
By CHRISTOPHER S. RUGABER
AP Economics Writer
WASHINGTON (AP) -- Americans cut back on spending in April after their income failed to grow, a sign economic growth may be slowing.
The Commerce Department said Friday that consumer spending dropped a seasonally adjusted 0.2 percent in April, the first decline since last May. That follows a 0.1 percent increase in March and a 0.8 percent jump in February.
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