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    Consumer spending slips as income remains flat

    WASHINGTON — Americans cut back on spending in April after their income failed to grow, a sign that economic growth may be slowing.

    Consumer spending dropped a seasonally adjusted 0.2 percent in April, the Commerce Department said Friday. That was the first decline since last May.

    A drop in gas prices likely lowered overall spending. Adjusted for inflation, spending ticked up 0.1 percent last month. Still, that was the smallest gain since October.

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    Consumers also likely spent less to heat their homes last month. April’s weather was mild after an unusually cold March.

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    Income was unchanged last month, after a 0.3 percent rise in March and 1.2 percent gain in February.

    The retrenchment in spending indicates consumers may be starting to feel the impact of higher taxes. But a separate report Friday showed consumer confidence rose to a six-year high in May, suggesting the decline in spending may be temporary.

    Associated Press