Economic Reports Are Mixed: Income Growth Slows; Manufacturing Surges
Although the manufacturing sector was strong last month, other measures, such as personal income, indicated a slower economy.</br></br>ÐÊÐÊ Americans'income growth slowed ... to a crawl in April, but a surprisingly strong manufacturing rebound in May raised fears the U.S. economy may return to a pace likely to aggra-0, vate inflation.</br></br>Personal incomes rose just 0.1 percent, the smallest increase in six months, the Commerce Department ' said yesterday. With less money earned, spending growth slowed as Û¢- well, also edging up 0.1 percent.</br></br>Û¢Û¢ slowed sharply as the second quarter began, after racing at a breakneck speed during the first three months ÐÊ of the year.</br></br>A separate Commerce Depart-. ment report showed construction ..n spending in April fell 1 percent, the fhst decline of the year.