U.S. Incomes and Spending Increase in February

U.S. personal spending rose in February for an eighth straight month, as job growth helped propel income and sales, a government report showed today.

The 0.5 percent rise in purchases followed a 0.1 percent increase in January, the Commerce Department reported in Washington. Incomes rose 0.3 percent after falling 2.5 percent the prior month. The savings rate declined.