U.S. incomes, spending up in October
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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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Americans spent and earned slightly more money in November than in the previous month and orders to factories for durable goods rebounded, showing
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The U.S. economy grew at a stronger  pace than expected in the final quarter of 2006 without raising  inflation pressures, government data showed on Wednesday, as  robust consumer spending more than offset the biggest slump in  housing in 15 years.
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U.S. personal incomes rose 1.5  percent in the second quarter of 2004, the fastest pace of  growth in more than three years, as income gains sped up in 33  states, the Commerce Department said on Tuesday.
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U.S. incomes rose much more sharply than expected in January, while spending and core consumer price growth also outpaced forecasts, a government report showed on Thursday.
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Growth in the vast US services sector expanded in October a bit more than economists had expected, including a slight gain in employment, according to an industry survey published on Wednesday.
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US industrial production jumped the most in three months in October, housing starts surged and consumer prices rose, suggesting the Federal Reserve may keep raising its benchmark interest rate.
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WASHINGTON (CBS.MW) -- The economy grew in most regions of the United States in September and early October, despite signs that higher energy costs are beginning to bite, the Federal Reserve said Wednesday.
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Spending by US consumers rose in November, suggesting shoppers will continue to boost economic growth this quarter. The 0.2 percent gain in personal expenditures on goods and services
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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The US economy added 337,000 now jobs in October, a seven-month high and much higher than Wall Street expectations.
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U.S. housing starts jumped a  larger-than-expected 6.4 percent in October to the busiest pace  since December as buyers took advantage of low mortgage rates,  a government report showed on Wednesday.
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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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U.S. housing starts jumped a larger-than-expected 6.4 percent in October to the busiest pace since December as buyers took advantage of low mortgage rates, a government report showed on Wednesday.
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WASHINGTON - U.S. incomes and spending rose as expected in December, while core consumer prices gained less than anticipated, suggesting inflation is contained, a government report showed on Thursday.
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The consumer spending in the United States increased by a strong 0.6 percent in September led by a surge in spending on durable goods, the Commerce Department reported on Monday.
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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.