Consumer Spending in U.S. Rose 0.4% in May, Income Growth Cooled
U.S. Consumer Spending Climbs 0.4% in May
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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 0.2 percent.