The Traderszone Network

Published in TZ Latest News 1 June, 2015 by The TZ Newswire Staff

U.S. consumer spending flat; manufacturing gains some speed

U.S. consumer spending was unexpectedly flat in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. In a separate report, the Institute for Supply Management (ISM) said its index of national factory activity was 52.8 in May, up from April’s reading of 51.5.