Consumer spending fails to meet expectations
Updated: Wednesday, June 26 2013, 07:07 PM EDT
(NEWSCHANNEL 3) - New numbers paint a different picture of the economy when it comes to consumer spending.
Government officials say consumers spent less over the first three months of the year than previously expected.
The economy grew at a rate of 1.8 percent--much lower than the estimated 2.4 percent.
Consumer spending makes up more than 70 percent of the U.S. economy.