Consumers Feed Pick-Up in Economic Growth
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U.S. consumers fed a pick-up in U.S.  economic growth in the third quarter but a sentiment survey for  this month showed oil prices were dampening their spirits,  government and private-sector data showed on Friday.
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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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WASHINGTON -- The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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Economic growth has been easing, but consumers keep spending with ease â as long as homes arenât on their shopping lists.
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U.S. consumers will curb spending this year after being hit by continued troubles in the housing sector, but business investment is set to pick up, adding to economic growth later this year, according to a survey of economists released on Sunday.
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The national economy grew at a solid rate in the last three months, boosted by a rebound in consumer spending and another strong quarter of business investment, the Commerce Department reported yesterday.
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Consumer spending rose slightly in July, though tepid growth in personal income raised concern about whether the trend will continue.
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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Judging from what businesses and  consumers are throwing away, the U.S. economy is growing  steadily.
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By Barnes, Phillip E  Consumers
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Shoppers spent more freely in July, raising hopes that June&#39;s economic lull could be coming to an end. The Commerce Department reported Monday that consumers, key shapers of US economic activity, boosted spending
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More consumers plan to increase their spending during this year's holiday season than did last year as concern about paying off debt has lessened and economic optimism has grown, a survey released Monday shows.
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Recent consumer spending suggests that the economy may not be slowing as suddenly as some economists had thought.
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The dough might be starting to rise again.
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Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.
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WASHINGTON Aug. 30, 2004 - After taking a rest in June, the nation&#39;s consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.
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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.