Market news
28.06.2019, 12:39

U.S. consumer spending up 0.4 percent in May

The Commerce Department reported on Friday that consumer spending in the U.S. rose 0.4 percent m-o-m in May, following a revised 0.6 percent m-o-m gain in April (originally a 0.3 percent m-o-m increase). Economists had forecast the reading to show a 0.4 percent m-o-m growth.

Meanwhile, consumer income climbed 0.5 percent m-o-m in May, the same pace as in the previous month. Economists had forecast a 0.3 percent m-o-m advance.

The May increase in personal income primarily reflected increases in personal interest income, wages and salaries, and government social benefits to persons, the report said.

The personal consumption expenditures (PCE) price index, excluding the volatile categories of food and energy, which is the Fed's preferred inflation measure, rose 0.2 percent m-o-m in May, following a 0.2 percent m-o-m advance in the prior month. Economists had projected the index would increase 0.2 percent m-o-m.

In the 12 months through May, the core PCE increased 1.6 percent, the same pace as in the 12 months through April. Economists had forecast a gain of 1.6 percent y-o-y.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location