Friday, March 30, 2007

Consumer spending is high

Consumer, construction spending rise (AP)

Federal Reserve chairman Ben Bernanke, pictured, has said a slump in the US housing market has not yet spilled over to the broader economy, but did not rule out the possibility of a more severe slowdown.(AFP/Tim Sloan)AP - Consumers spent more in February while construction spending rose by the largest amount in 11 months, the government said Friday, in reports that should dispel some of the concerns about the health of the economy.


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