Personal Spending Dips 0.1%

Consumer personal spending dipped 0.1% in April, the Commerce Department said Monday.

The increase followed a 0.3% decline in March that was bigger than the 0.2% originally reported.

Economists had forecast a 0.2% decline for April, Bloomberg reported. Personal incomes rose 0.5%, the biggest gain in almost a year, Bloomberg said.

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