Consumer Spending Up .5 Percent in April
Friday, June 01, 2007
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WASHINGTON — Consumers' incomes dipped in April but that didn't stop them from spending briskly.
The Commerce Department reported Friday that personal incomes fell by 0.1 percent in April, following a robust increase of 0.8 percent in March.
Consumers' spending -- a key ingredient to a healthy economy -- rose by a strong 0.5 percent in April, following a 0.4 percent gain in the previous month.
The spending figure was stronger than the 0.4 rise economists were expected. But the incomes figure was weaker; economists were calling for a 0.3 percent rise.
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