In May, both personal and income and outlays slowed, posting their smallest increases in four months. Personal income rose just two-tenths of a percentage point in May, while personal consumption expenditures rose less than one-tenth of a percent, the U.S. Commerce Department reported on June 30.
Personal income had posted a six-tenths percent gain in April and five-tenths each in February and March. Personal outlays, as measured in current dollars, had advanced six-tenths of a percentage point in February and April, and eight-tenths in March.
