U.S. consumer daily spending jumped in May to a six-year high of $98, up $10 from the April average and up $8 compared to May 2013, according to self-reported numbers reported by Gallup. The figure is the highest for the month of May since 2008.

April-to-May gains in consumer spending in the previous five years were moderate and predictable, ranging from $3 to $6. The exception was 2012, which saw no increase.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.