WASHINGTON, April 29 (Xinhua) -- U.S. families continued to boost their spending in March with more take-home pay, the U.S. Commerce Department said on Monday.
U.S. personal consumption expenditures (PCE) rose 0.2 percent in March, slower than the revised growth pace of 0.7 percent in February, the department said in a report.
U.S. personal income rose 0.2 percent in March, following an increase of 1.1 percent in February, said the department.
The savings rate, personal saving as a percentage of disposable personal income, remained flat at 2.7 percent in March.
Consumer spending accounts for about 70 percent of the U.S. economic activity. The U.S. economy grew at an annual rate of 2.5 percent in the first quarter this year, partly boosted by stronger consumer spending, the department said on Friday.
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