With a little more money in pocket, Americans were spending a little more than expected last month.
Consumer spending makes up two-thirds of all economic activity.
It grew at an annual rate of 2 percent in the first quarter, double the pace of the previous quarter. The savings rate improved to a negative eight-tenths of 1 percent. Copyright 2001 by The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.