USA: 0.2% growth in household spending in May

(CercleFinance.com) - U.
S. consumer spending rose by 0.2% in May 2024 compared with April, on income growth of 0.5% month-on-month, according to monthly data from the Commerce Department.

The Commerce Department adds that household savings stood at $806.1 billion, and that the savings rate, i.e. household savings as a percentage of disposable income, was 3.9% last month.

Copyright (c) 2024 CercleFinance.com. All rights reserved.