Consumer Spending Jumps in June, Helping Power US Economy

June’s rebound in personal spending underscores consumer resilience, though trade uncertainty remain in focus.
Consumer Spending Jumps in June, Helping Power US Economy
People shop at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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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.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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