Personal Spending Growth Drops To 0%

shoppers shopping women sidewalk store

Photo: Wikipedia

The number:Weaker across the board. Incomes grew just 0.3% in May, vs. 0.4% expected.

Personal spending officially stalled out, only growing 0% vs. 0.1% expected, and 0.3% last month.


Background: Analysts are looking for another 0.4% in income growth in May, which is the same as last month. however, sending is only expected to grow by 0.1%, down from 0.4% last month.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.