Consumer spending rises in June, but personal income declines

08/4/2009 | Builder Online

Consumer spending posted a slight increase in June, but economists warned that higher unemployment and lower wages will curtail spending for the remainder of 2009. Although consumer spending rose 0.4% in June, personal income declined by 1.3%. The decline exceeded the 1% drop predicted by industry analysts.

View Full Article in:

Builder Online

Published in Brief: