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Consumer spending in May was disappointingly weak

By Martin Crutsinger
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Consumer spending in May was disappointingly weak

WASHINGTON (AP) — U.S. consumers boosted 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.

Spending rose just 0.2 percent last month after no gain in April, the Commerce Department said Thursday. The two months followed a robust spending surge of 0.8 percent in March.

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