WASHINGTON - Personal income rose $25.4 billion or 0.2% in May, the Commerce Department reported Friday.
The May increase followed an unrevised 0.2% gain in April. The May rise was the same as the increase estimated by economists polled by Thomson Reuters, and represented the sixth consecutive monthly increase.
Personal spending dipped $4.7 billion, or less than 0.1%, in May. That decrease followed a revised 0.1% gain in April, originally reported as 0.3%.
The prediction was in line with the thinking of economists, who had projected that spending would remain unchanged from the previous month.
Real disposable income, which is adjusted to remove price changes, climbed 0.3% in May, after rising 0.1% in April.