By Ovunc Kutlu
ISTANBUL (AA) - Americans' personal spending increased 0.5% in June, more than market estimates, according to official figures released Friday.
Personal consumption expenditures increased $100.4 billion last month, according to data from the Commerce Department's Bureau of Economic Analysis.
The market estimates for the figure was to show an increase of 0.4%.
Personal consumption expenditures for May was revised upward to a gain of 0.2%, from an increase of 0.1%.
The $100.4 billion increase in current-dollar personal consumption expenditures in June reflected an increase of $51.2 billion in spending for services and an increase of $49.1 billion in spending for goods, according to the Bureau of Economic Analysis.
Personal outlays, which include consumption expenditures, personal interest payments and current transfer payments, increased $109.4 billion in June, it added.
While personal saving was $862.4 billion in June, the personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.3%, it noted.