US Equity and Economic Review: The Data is Now Very Mixed

    Personal spending had its strongest monthly increase in 4 years. The BEA reported that personal consumption expenditures rose an inflation-adjusted .6% in April, which confirms the strong 1.3% rise in retail sales recently reported by Census Bureau.  Durable goods purchases – which had been weaker over the last few months – increased a strong 2.2%.  Non-durable sales are still increasing weakly, this time rising .7%.  And service spending was up .4%.  Finally, personal income increased a solid 3.7%. 

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