Consumers resume optimistic spending
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Consumer confidence snapped back after the election, and retail spending was strong for a second straight month - signs that shoppers, the stalwarts of the economy, are shrugging off high energy prices and moving on.
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WASHINGTON - America&#39;s consumers came off a buying binge and were somewhat less jolly spenders in November. New-home sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded.
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Merchants who spent the past few weeks hoping shoppers would splurge on gifts opened their doors Sunday with high hopes the same people would now spend on themselves.
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NEW YORK Aug. 27, 2004 - Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the US economy than they did a month ago, according to survey by the University of Michigan.
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Consumer spending climbed 0.6% in September, in line with expectations, as shoppers splashed out after showing restraint the month before, government data showed Monday.
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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.
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Will investors and consumers stay satisfied?
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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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Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the U.S. economy than they did a month ago, according to survey by the University of Michigan.
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The outlook for the US economy in 2007 has picked up, a survey indicates, thanks to robust consumer spending.
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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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U.S. consumers have grown more  cheerful so far this month as the hotly contested presidential  election drew to a close and job prospects seemed to improve,  according to a survey released on Friday.
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The holiday shopping season ended better than it started and most retailers are on track to meet humble sales goals, though many still hope for an extra boost the week after Christmas as consumers cash in gift cards.
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Americans shopped hesitantly in May, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
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American consumers, who substantially slowed down their spending in late summer, roared back to life in September, boosting their purchases by 0.6 per cent.
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U.S. consumers shrugged off record  oil prices to lift spending at the start of the fourth quarter,  data on Friday showed, in an upbeat sign for growth that may  signal another Federal Reserve rate hike in December.
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Consumers were feeling confident in January: the job market was chugging along and oil prices were down. But their optimism may dwindle on concerns that job and wage growth may slow.