Consumer Spending Up Slightly

A Commerce Department report shows spending rose 0.2%. Incomes, however, outpaced forecasts, rising by 0.4% in December.
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WASHINGTON (

TheStreet

) -- Consumer spending rose a bit higher in December, albeit at a slower-than-expected pace, according to a government report released Monday.

A Commerce Department report showed spending rose 0.2% last month. Analysts surveyed by Reuters expected a 0.3% jump. The sum also falls short of November's figure, which revealed a revised 0.7% increase.

Incomes, however, outpaced forecasts, rising by 0.4% in December. Analysts had expected a 0.3% rise during the month after jumping 0.5% in November.

--Written by Sung Moss in New York