Commerce Department mistake overstated consumer spending From: The Milwaukee Journal Sentinel | Date: July 6, 2001| Author: JEANNINE AVERSA | Copyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC.Copyright information

Commerce Department mistake overstated consumer spending

Figure rose only 0.3%, corrected for error about light-truck buying

By JEANNINE AVERSA

Associated Press

Friday, July 6, 2001

Washington -- Commerce Department economists made a math error that overstated the amount of consumer spending in May, officials said Thursday.

Consumer spending, a key force keeping the economy afloat, actually rose 0.3% in May -- not the 0.5% the government reported Monda...

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