Financial Times FT.com

US personal incomes show surprise rise

By Alan Rappeport in New York

Published: June 1 2009 14:05 | Last updated: June 1 2009 15:34

US consumers curbed their spending for the second month running in April, in spite of the first rise in income this year, as they continue to cope with the recession and fears of more job cuts.

Personal consumption expenditure fell by 0.1 per cent or $5.4bn last month, less than economists expected and a smaller fall than the previous month’s 0.3 per cent.

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