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Consumer Spending Steady

The Deloitte Consumer Spending Index remained steady in February primarily as a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces. Patricia Buckley, director economic policy and analysis, Deloitte LLP, and author of the monthly Index said financial institutions and the markets are stronger, "And consumer confidence and real spending appear to be weathering the 2013 payroll tax increases fairly well." 

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