Consumer spending is weak in May, but so is inflation

• June 30, 2017
• realestatelife
• Business & Markets, Real Estate Finance

Americans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Marketwatch forecast of economists.