U.S. Consumers Increase Spending Despite Trade Tensions

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American consumers increased their spending in May, providing critical fuel for the U.S. economy’s continued expansion despite trade related tensions in headlines and slowing overall global growth.

Retail sales, a measure of purchases at stores, restaurants and online, rose a seasonally adjusted 0.5% in May from a month earlier, the Commerce Department said Friday.

Overall sales also rose 0.3% in April, an improvement over the department’s previous estimate of a 0.2% decline and an indication that household spending was strong in the spring.

Credit: WSJ, USA


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