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Thu, Aug 06, 2009 - Page 10　News List

US consumer spending rose in June

SLUGGISH: After adjusting for inflation, however, spending fell 0.1 percent. Personal income also declined 1.3 percent as the effects of the government stimulus wore off

REUTERS , WASHINGTON

CONSUMPTION INDEX

In a sign that weak demand is suppressing price pressures, a gauge of inflation closely watched by the US Federal Reserve moderated slightly in June. The year-on-year personal consumption expenditures index, excluding food and energy, rose 1.5 percent after a 1.6 percent increase in May, the Commerce Department said.

Separately, the Pending Home Sales index rose 3.6 percent in June, the National Association of Realtors said. Compared with the same period last year, the index — which is based on contracts signed in June — jumped 6.7 percent.

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