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US consumers cut spending 0.2% in April

May 31, 2013

WASHINGTON -- Americans cut back on spending in April after their income failed to grow, a sign economic growth may be slowing. The Commerce Department said Friday that consumer spending dropped a seasonally adjusted 0.2 percent in April, the first decline since last May. That follows a 0.1 percent increase in March and a 0.8 percent jump in February.

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