May Personal Income, Spending Each Up 0.4%

McConnell, Alison L.
July 2006
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p2
Trade Publication
The article reports the increase in personal income and consumption in May 2006, according to data from the U.S. Department of Commerce. Following a revised 0.7 percent increase in April, personal income for May rose by $38.3 billion to about $10.733 trillion, while spending increased up to $40.3 billion to $9.224 trillion, after an unrevised 0.6 percent increase in April.


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