(Advertisement)

Consumer spending sees weak May gain

At 0.2%, growth fails to hit forecasts

Posted: June 27, 2014 at 1:57 a.m.

WASHINGTON -- U.S. consumers increased their spending only modestly in May, a disappointment to economists who said the weaker-than-expected gain will likely mean a lesser economic rebound in the April-June quarter than many had envisioned.

This story is only available from our archives.

(Advertisement)