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June spending caps stronger quarterly performance

The 0.2% increase in purchases follows a 0.7% advance in May; incomes climb 0.4% for a third month

The June gain helped spending increase in the second quarter at a 2.9% annualised rate, up from a 1.8% pace in the first three months of the year and stronger than the 2% average from 2010 through 2014.


AMERICAN households kept spending in June, capping a stronger quarterly performance for the biggest part of the economy.

The 0.2 per cent increase in purchases followed a 0.7 per cent May advance, Commerce Department figures showed on Monday in Washington. The June gain...