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  Consumer spending grows in May
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ContributorTony82 
Last EditedTony82  Jun 28, 2004 03:30pm
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News DateMonday, June 28, 2004 06:00:00 AM UTC0:0
DescriptionNEW YORK (CNN/Money) - The growth in consumer spending picked up steam in May, according to a government report, as spending levels came in stronger than Wall Street expectations.

The Commerce Department report showed spending by individuals gained 1 percent in May, up from a revised 0.2 percent gain in April. Economists surveyed by Briefing.com forecast a rise of 0.8 percent.
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