IE Business Daily Business news for the Inland Empire.
U.S consumer spending rose 0.9 percent in May month-over-month, the largest such increase in nearly six years.
Most of that money was spent on miscellaneous items, including small purchase like groceries and big-ticket items like automobiles, according to data released Thursday by the U.S. commerce department.
Cheaper gasoline prices in much of the country, along with job growth and an increase in wages, are the likely causes of the uptick in spending, according to the data.
