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Tentative good news from the Bureau of Economic Analysis – personal and disposable income both rose by 0.2% in February. Perhaps more importantly for retail (net lease included) personal consumption expenditures increased by 0.8%.  This is compared with somewhat weaker numbers in January – personal income increase of 0.2%, disposable income increase of less that 0.1% and personal consumption expenditures increase of 0.4%. As of now at least, it seems consumers are loosening their wallets a bit as we progress into 2012.

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