US July Spending Increases 0.8%; Incomes Up 0.1%
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US consumer spending rose 0.8 percent in July after a smaller decline in June than previously reported, a sign the economy is accelerating.
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U.S. personal spending jumped a much  bigger-than-expected 1.1 percent in November, the sharpest rise  in more than two years, while prices rose, a Commerce  Department report showed on Friday.
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US consumer spending rebounded in July, a sign the economy may be emerging from an early summer decline. Consumer spending rose 0.8% last month, boosted by car and retail sales.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, according to government figures that suggest the expansion may continue at a similar pace into 2005.
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United States policymakers received a welcome fillip yesterday after official figures showed consumer prices in July dropped for the first time in eight months and growth returned to the home building market.
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Core U.S. consumer prices rose by a less-than-expected 0.1 percent in July, showing stable prices that held the year-on-year rate of nonfood, nonenergy inflation to 1.9 percent for the second month in a row, the Commerce Department said on Friday.
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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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U.S. consumer spending rose a  sharper-than-expected 0.7 percent in October, but rising food  and energy prices ate up much of that gain, a government report  showed on Wednesday.
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America's factories saw orders for costly manufactured goods in July post the biggest gain in four months, an encouraging sign that the economy is emerging from an early summer funk.
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The Labor Department reports on consumer prices for July at 8:30 a.m. EDT this morning. Economists are looking for an increase of 0.1 percent, following a 0.3 percent hike in June.
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US retail sales excluding autos rose for a fourth month in August, suggesting stronger consumer spending that will help the economy accelerate this quarter.
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Business & money: Gross domestic product rose by 0.8% in the three months to June.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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Spending by Americans shopping online during this year&#39;s holiday season rose 24 percent to $8.8 billion, with sharp gains in purchases of clothing and entertainment, Web company VeriSign Inc.
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Consumer borrowing increased less than expected in July as higher incomes allowed Americans to reduce their credit card use.
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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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Consumers boosted their spending in July by the largest amount in six months, offering hope that the current economic slowdown may not be as severe as some had feared.