Consumers Perk Up, So Do Wholesale Prices
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US consumers cheered up in early December, sending potentially good news to retailers during the crucial holiday shopping season, a report showed on Friday.
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Rising energy prices pushed wholesale prices up in May, but the measure of core producer prices registered a small increase, suggesting that high gasoline prices are not affecting the cost of other goods.
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Improving labor market conditions and cheaper energy prices led to a sharp increase in a widely watched indicator of consumer confidence in the economy in December, a good sign for growth heading into the new year.
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US consumers were more upbeat than expected in May, a survey says, helped by a strong stock market.
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A burst of activity has broken out in 2007, sending prices higher despite sluggish sales in many other cities.
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Prices paid by US consumers rose for a fourth straight month in November, supporting forecasts that Federal Reserve policy makers will keep raising interest rates.
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Washington area's job growth and well-educated consumers attract plenty of nationally-known retailers willing to compete for space, driving up rent prices.
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Retail sales rose more than twice as much as expected in May, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly after a slowdown in the first quarter.
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WASHINGTON - US producer prices, a measure of inflation at the wholesale level, rose by a faster-than-expected 0.5% in November, seasonally adjusted Labor Department data showed.
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Increased spending by consumers and business helps US economic growth rise at a higher-than-predicted rate in the July to September period.
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Rising food costs helped push prices up for a second straight month, more than offsetting a moderation in energy price increases as inflation showed signs of gaining steam.
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Costs have increased steadily in recent years, causing some to wonder about quality.
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U.S. incomes and spending rose in October, providing the means for consumers to keep spending as the holiday shopping season approached, while core consumer prices rose modestly, the government reported on Thursday.
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Timely acquisitions and cost savings add up to a big year for this consumer-goods producer.
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NEW YORK -- The nation's factories, plants, and utilities expanded faster in June, suggesting hardy consumer spending is boosting confidence among manufacturers even as prices for raw materials rise.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns that businesses may be under growing pressure to raise consumer prices.
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The sales numbers are encouraging as this outdoors retailer expands.