U.S. consumer spending advanced 0.8 percent in June as shoppers took to auto showrooms to enjoy sales incentives that helped keep inflation steady, a government report showed on Tuesday.
Income in June rose 0.5 percent, the Commerce Department said, slightly stronger than the 0.4 percent gain analysts had expected. The increase in spending, which was already reflected in a report on second-quarter economic growth released on Friday, was as expected.
