29-June-2025
Economy News
 
US consumer spending falls unexpectedly in May
28-Jun-2025

U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate. Consumer spending, which accounts for more than two-thirds of economic activity, dropped 0.1% last month after an unrevised 0.2% gain in April, the Commerce Department's Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending would edge up 0.1%.

News Source:- https://economictimes.indiatimes.com/news/international/global-trends/us-consumer-spending-falls-unexpectedly-in-may/articleshow/122114748.cms