Consumer Spending, Incomes in U.S. Increased in April
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June 1 (Bloomberg) -- U.S. consumer spending rose in April,a sign that households are supporting the economy as the labormarket seeks to gain momentum.
Purchases increased 0.3 percent after a revised 0.2 percentgain the prior month, Commerce Department figures showed today inWashington. The median estimate of 78 economists surveyed byBloomberg News called for a 0.3 percent increase in so-callednominal sales. Incomes rose 0.2 percent, less than forecast.