Consumer Spending Unchanged in June

July 31, 2012 8:45 AM, EDT

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Consumer spending was unchanged in June and incomes increased 0.5%, the largest gain in three months, the Commerce Department said Tuesday.

The stall in spending followed a revised 0.1% decrease in April that was previously reported as little changed.

Economists had called for 0.1% rise in spending, Bloomberg reported.

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