January consumer spending, income increase

WASHINGTON¿ The Commerce Department recently reported that consumer spending rose 0.4% in January.

Americans' incomes increased 0.4 percent in January, the largest advance in six months.

Consumers cut spending on big-ticket goods by 2.1% in January. Consumers increased their spending by 1.2% on nondurable goods in January.

Spending on services rose by 0.5%.

Disposable incomes rose 1.6% in January. American¿s personal savings rate increased 1.8% in January.