Personal Spending Unchanged in April

Consumer personal spending was unchanged in May, the Commerce Department said Monday.

The level was the weakest in almost a year, following a revised 0.3% increase in April that was slightly lower than the 0.4% originally reported.

Economists had forecast a 0.1% increase, Bloomberg reported. Personal incomes rose 0.2%, following a 0.4% gain.

A rise in consumer spending could increase demand for new factory goods and the trucking shipments that get them to stores.