ECONODAY: Spending is weak but income is solid. These are the latest results, and also the trends, for personal spending and income. Spending, which is being pulled down this year by weak car sales, rose only 0.1 percent in March, even weaker than the 0.2 percent gains in February and January. Spending on durables, which includes vehicles, fell 0.6 percent in March to match the same size plunge in January (February was up a negligible 0.1 percent). Spending on non-durables, though rising in the month, showed net weakness in the quarter tied largely to what is a positive for the consumer, lower fuel prices. Spending on services is a clear weakness in the report, up an unusually low 0.1 percent in the month...
