Consumers in U.S. Probably Spent at Slowest Pace in 11 Months

U.S. consumer spending probably rose in May at the slowest pace in almost a year, reflecting fewer new-car purchases and dimmer employment prospects, economists said before a report today.

The projected 0.1 percent gain would be the smallest since June 2010 and follow a 0.4 percent rise the prior month, according to the median estimate of 63 economists surveyed by Bloomberg News.