WASHINGTON - Personal income rose $28.2 billion or 0.2% in February, while consumption rose 0.8%, the Commerce Department reported Friday.
The February increase followed a downwardly revised 0.2% gain in January, originally reported as 0.3%. The February rise was short of the median 0.4% increase estimated by economists polled by Thomson Reuters.
Personal spending climbed $86.0 billion or 0.8% in February. That increase followed an upwardly revised 0.4% gain in January, originally reported as 0.2%. The February gain surpassed the 0.6% increase projected by economists polled by Thomson Reuters.
Disposable personal income increased 0.2% in February, following a revised increase of less than 0.1% in January. It was originally reported as a 0.1% gain.
