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U.S. consumers cut spending 0.2 percent in April

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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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