U.S. personal consumption rises 0.3 percent

(June 27, 2013) -- "Nominal personal income growth came in stronger-than-expected in May at 0.5 percent and built on April’s tepid 0.1 percent gain," said Desjardins. "The personal savings rate proved higher than expected at 3.2 percent in May following the upwardly revised 3.0 percent recorded in April that was previously reported at 2.5 percent."