Consumer Spending Grew in July
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Spending rose at twice the rate it did in June, suggesting that the economy may not be slowing as drastically as some had forecast.
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U.S. consumer spending rebounded  sharply July, government data showed on Monday, erasing the  disappointment of June and bolstering hopes that the U.S.  economy has recovered from its recent soft spot.
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The deficit for trade in goods has widened slightly in July from the figure for June.
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Personal income and consumer spending jumped more than expected in July while one measure of inflation remained tame -- positive economic news amid continued problems in the real estate industry and rising home loan default rates.
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U.S. consumers spent heartily in  July on goods ranging from cars to electronics as sales at  retail stores rose a greater-than-expected 1.4 percent, a  government report on Friday showed.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.
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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, sales of new homes slid, according to a pair of reports that offered a mixed picture of economic activity.
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Consumers shrugged off higher gasoline prices in July and grew a bit more optimistic about the economy, a private research group said on Tuesday.
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US consumers spend more in May than the month before, encouraged by higher personal income.
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US consumer borrowing grew at its slowest pace in four months in July, official figures show.
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Consumers and businesses boosted their spending a bit more quickly in late summer than previously thought, fueling faster overall economic growth, the government reported Tuesday.
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Consumers stepped up their borrowing in July by the largest amount since the beginning of the year, the Federal Reserve reported Wednesday.
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WASHINGTON -- Consumers kept charging at a rapid pace on their credit cards in July although their overall borrowing slowed a bit.
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WASHINGTON: United States consumer spending rebounded sharply in July, government data showed yesterday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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The U.S. service economy expanded at the same pace in August as in July, surprising analysts who had been looking for slower growth.
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Consumer spending south of the border increased at a more modest rate last month after a big jump in October, according to a report Thursday from the US Commerce Department.