Consumer Spending Up Following June Decline
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Shoppers spent more freely in July as consumer spending rose slightly, though tepid growth in personal income raised concern about whether the trend will continue.
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WASHINGTON -- Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes the economy will not stumble into a recession this year.
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US consumers, who substantially slowed their spending in late summer, roared back to life in September, boosting their purchases by 0.6 per cent.
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Consumer confidence rose in June and existing home sales fell less than expected in May, providing signs that the economy remains resilient and that the Federal Reserve may need to tighten credit policy more.
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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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Consumers put aside worries about slumping home sales and soaring gasoline prices and pushed spending up by the largest amount in three and a half years.
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America'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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WASHINGTON -- Battered consumers, faced with weak income growth and rising inflation, trimmed their spending in August by the largest amount in nearly a year. The Commerce Department reported Friday that consumer spending, after adjusting for inflation, dropped by 0.1 percent last month, the first...
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Consumer spending rebounded in September and manufacturing activity expanded in October, though at a slower pace than in the previous month, providing further
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The Consumer Price Index rose by two-tenths of a percent in June, the smallest increase since January.
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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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U.S. consumer sentiment improved  unexpectedly in early June, but inflation expectations have  fallen since May, a report showed on Friday.
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Consumer spending was weak for a fourth straight month in June as rising gasoline prices left Americans with little to spend on other items. A key measure of inflation rose at the fastest pace in more than a decade.
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U.S. consumer spending in June grew at  its slowest pace this year while a measure of inflation reached  its highest mark in nearly four years, a government report  released on Tuesday showed.
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The Commerce Department said consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes.
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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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According to Stuart Hoffman, chief economist at PNC Financial Services Group, &#39;Consumer spending rebounded on the strength of rebate-induced auto sales.