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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jack of All Trades who wrote (247429)6/27/2003 9:06:14 AM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
Long live the SPIN - U.S. May Personal Spending Rises 0.1%; Incomes Rise 0.3%

June 27 (Bloomberg) -- U.S. consumer spending rose in May as discounting and optimism about the economy's prospects helped lift sales, government figures showed.

The 0.1 percent rise in spending matched the revised April increase, the Commerce Department said in Washington. Adjusted for a decline in prices, consumer spending increased 0.3 percent for a second month. Incomes rose 0.3 percent after increasing a revised 0.2 percent.

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Spending on services, which account for half of the report, increased 0.5 percent, the biggest increase since January, after rising 0.3 percent in April. Spending on durable goods such as autos, appliances, and other big-ticket, long-lasting items, fell 0.7 percent in May after rising 2.7 percent the prior month, today's report showed.
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