Personal spending rose 0.3% in May, after the largest drop in three years, the Commerce Department reported Thursday.
The rise followed a 0.3% decline in April that was the largest drop since September 2009.
The rise in May, spending matched economists’ forecast, Bloomberg News reported.
Personal incomes increased 0.5%. Economists’ had forecast a 0.2% rise in incomes, Bloomberg said.
A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.
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