U.S. Consumer Spending Rose 0.4%, Showing More Confidence After Slow First Quarter - News Summed Up

U.S. Consumer Spending Rose 0.4%, Showing More Confidence After Slow First Quarter


WASHINGTON—Consumer spending climbed in May, suggesting a key pillar of the U.S. economy has bounced back after a lackluster start to the year. Personal spending, which measures how much Americans paid for everything from autos to airfare, increased 0.4% in May from a month earlier, the Commerce Department said on Wednesday. Economists...


Source: Wall Street Journal June 29, 2016 12:34 UTC



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