U.S. first-quarter consumer spending revised down to 0.9% gain

U.S. CONSUMER SPENDING in the first quarter grew at a 0.9% annual pace, revised down 1.3%. / BLOOMBERG NEWS FILE PHOTO/BRENT LEWIN
U.S. CONSUMER SPENDING in the first quarter grew at a 0.9% annual pace, revised down 1.3%. / BLOOMBERG NEWS FILE PHOTO/BRENT LEWIN
WASHINGTON – United States consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%. Consumer spending, the biggest part of the economy, grew at a 0.9% annual pace, according to a Commerce…

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