U.S. consumer spending rose in February, in the latest sign that the economy was regaining strength after being chilled by bad weather.
The Commerce Department said on Friday that consumer spending increased 0.3 percent last month after rising by a revised 0.2 percent in January. Spending was previously reported to have increased 0.4 percent in January.
Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.3 percent in February.
Spending in February was lifted by an increase in services consumption, likely because of increased demand for health care and utilities.