Vol. 118, No. 27 A Newspaper of General Circulation July 6, 2015
 
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Consumers ramp up spending, largest gain since 2009
U.S. consumer spending surged in May with the biggest monthly increase in nearly six years – a sign of stronger economic growth ahead. The Commerce Department said that consumer spending rose 0.9 percent in May, up from a revised 0.1 percent increase in April. May spending registered the biggest gain since August 2009, when the government’s “Cash for Clunkers” program fueled auto-buying. The increased spending in May suggests that the positive impacts from solid hiring and cheaper gasolin...more for subscribers.
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