Personal Spending Rises 0.5%

[Stay on top of transportation news: .]

Consumer personal spending rose 0.5% in May, the Commerce Department said Friday.

The gain matched April’s increase. Personal incomes rose 0.4%.

The spending increase was below than economists’ forecasts of a 0.7% rise, Bloomberg reported.

An increase in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.



Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics