Thursday 30 June 2011

Consumer spending in May weakest in a year

WASHINGTON (AP) -- For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually dropped 0.1 percent last month ...


Related News:-

  • Consumer spending in May weakest in a year


  • WASHINGTON (AP) — For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and ...

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