UPDATE 1-U.S. consumer spending slips in May, but income up

Newswire

(Adds details, background) By Tim Ahmann WASHINGTON, June 28 (Reuters) - U.S. consumers trimmed their spending slightly in May, breaking a string of five consecutive monthly gains as they stayed away from auto showrooms, the government said on Friday. Personal spending fell 0.1 percent last month -- the first drop since November -- after posting a revised 0.6 percent rise in April, the Commerce Department reported. The department said the dip was largely due to a decline in auto sales. ...

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