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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
Add BT as a preferred sourcePublished Mon, Aug 3, 2015 · 09:50 PM
Washington
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 matched the median forecast of economists in a Bloomberg survey. Incomes climbed 0.4 per cent for a third month.
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