Inflation-adjusted spending on goods 1% from the prior month, led by motor vehicles, while services increased 0.5%. Not adjusted for inflation, the gain in services spending in April was led by components including food services, accommodation and housing, according to the Commerce Department.
Wages and salaries increased 0.6% last month. When adjusted for inflation, however, disposable personal income was unchanged. The personal saving rate -- or personal saving as a share of disposable income -- fell to 4.4% from 5%.
--With assistance from Kristy Scheuble.
This article was provided by Bloomberg News.