U.S. personal consumption drops 0.1 percent in May, a fresh sign of the faltering economic recovery, reported the Commerce Department on Monday.
Nominal personal consumption expenditures (PCE) were virtually unchanged, while the real PCE, consumption after adjusting for inflation, decreased 0.1 percent, the same decrease as in April, according to the report.
Personal income rose 0.3 percent in May, the same pace as in April.
Last month, the U.S. savings rate, personal saving as a percentage of disposable personal income, edged up to 5 percent from 4.9 percent in April. It remained well above the 2.1 percent average savings rate for all of 2007.