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Consumer spending grows in May
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Contributor | Tony82 |
Last Edited | Tony82 Jun 28, 2004 03:30pm |
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Category | News |
News Date | Monday, June 28, 2004 06:00:00 AM UTC0:0 |
Description | NEW 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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