Consumer spending in U.S. rose 0.4% in May, income growth cooled

WASHINGTON - Consumer purchases moderated last month after the biggest advance since August 2009 as American households realigned outlays with slower income growth. Personal spending climbed 0.4 percent in May after a 1.1 percent jump a month earlier that was more than initially estimated, Commerce Department figures showed Wednesday in Washington. Incomes climbed a less-than-forecast…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -