CONSUMER SPENDING SLOWED IN MAY

Key Points:

  • U.S. consumer spending rose by 0.2%, or $32.7 Billion, in May, down from 0.6% in April.
  • Personal income increased by 0.5%, or $113.4 Billion, in May, the same reading as April.
  • The overall personal consumption expenditures price index rose 0.6% in May and is up 6.3% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in May and is up 4.7% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source