People shop at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times
U.S. consumer spending picked up in June, offering fresh evidence that household demand remains resilient even as higher tariffs and policy uncertainty weigh on the outlook.
The Commerce Department’s Bureau of Economic Analysis (BEA) reported on July 31 that personal consumption expenditures—a broad measure of household spending—rose by 0.3 percent in June, matching the increase in personal income. That was a rebound from May’s flat reading and aligned with other data suggesting shoppers have begun to reopen their wallets after a soft spring.
