In The U.S. Both Personal Income and Outlays Slow In May

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.

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