US consumer spending is rising

Recently a report published by the news agency Reuters, revealed that United States consumer spending exceeded estimates in April. Economic growth accelerated in second quarter of the year. However, interest rates are likely to rise in the coming months. Recently this has come up in the report published by the Ministry of Commerce. Consumer spending in sectors other than aviation rose significantly in April, according to report published by Reuters. The labor market, the manufacturing sector and the transport sector have recovered more than expected. Activities have started to accelerate ahead of spring.