US Feb individual expenses up 0.3%

US Department of Commerce announced February individual expenses rose by 0.3% while individual income gained 0.4%. The government pointed out the rise of expenses was mainly reflected in automobile retail market. Market sources said although the US economy, as a whole, was slowing down and stock market was declining, unemployment rate remained on the low side and new vacancies kept on increasing, which were the main reason for increase of expenses.

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