Consumer Spending Up 0.2 Percent In May
U.S. consumers stepped up their spending slightly in May, boosted by a jump in auto sales and higher income. Spending rose 0.2 percent last month after no gain in April, the Commerce Department said Thursday. The two months followed a robust spending surge of 0.8 percent in March. The broader trend is regarded as strong enough to propel the economy after a dismal start to the year. Income rose a solid 0.4 percent in May after a 0.3 percent April gain.
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