(Reuters) - Economists are increasingly concerned about the health of consumer spending, which in March grew at its slowest rate in five months. Sales of homes and U.S. autos are declining, and the overall economy grew at a paltry annualized rate of 1.3 percent in the first quarter.
But MasterCard's total dollar volume of transactions increased 16.4 percent, and the number of transactions processed rose 19.4 percent during the first quarter, as the number of MasterCard credit and debit cards grew 11.3 percent.
Read more at Reuters.com Business News
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