Fri, 02 Aug 2013 14:35:06 GMT
Consumer spending in U.S. increased as expected
Consumer spending in the United States climbed in line with expectations in June as income level grew. Household spending, which accounts for more than two-thirds of the nations economy, increased 0.5% following a 0.2% gain a month before. According to a Bloomberg survey, economists expected a 0.5% advance. Personal income rose by 0.3%.