By: David Norton
Government report shows larger-than-expected increase was first gain in 7 months; income also rose.
NEW YORK (CNNMoney.com) -- Consumer spending rose more than expected in January, after declining for six consecutive months, according to government figures released Monday.
The Commerce Department report showed spending by individuals rose 0.6% last month, after dropping 1% in December. Economists surveyed by Breifing.com had forecast an increase of 0.4%.
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