June 3, 2010
CONSUMER SPENDING SOFT IN MAY, ACCORDING TO REPORT
A private-sector report on consumer spending advises that retail spending slipped last month. "Overall the environment in May has been relatively soft," Mike Berry, director of industry research for MasterCard Advisors SpendingPulse, tells Reuters. "It looks like the consumer is taking a pause."
The official government retail sales report for June is scheduled for publication next week, Friday, June 11. Last month, the Commerce Department reported that April retail sales rose in April, the seventh consecutive monthly increase. The data from MasterCard Advisors the trend won't reach number eight.
Posted by jp at June 3, 2010 5:49 AM