Consumers Tighten Borrowing in August
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WASHINGTON Oct. 7, 2004 - Consumers cut back on their borrowing in August by the largest amount since the end of 1990 as confidence in the economy fell and energy prices surged.
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WASHINGTON -- Consumers kept charging at a rapid pace on their credit cards in July although their overall borrowing slowed a bit.
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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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U.S. consumer spending was  unexpectedly flat in August, government data showed on  Thursday, as shoppers exercised restraint after splashing out  even more than previously thought during the previous month.
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Banks in the United States tightened their lending standards and terms for businesses and consumers alike amid a deteriorating economic outlook, a Federal Reserve survey showed on Monday.
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U.S. consumer sentiment was stronger   than expected in August, a report showed on Friday, though   expectations of the future economic situation worsened.
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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 decline since a 0.3 percent fall in September 2005, a month when business activity was disrupted by Hurricane Katrina.
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U.S. claims for jobless benefits jumped last week, while consumer spending was unexpectedly flat in August as shoppers closed their wallets after splashing out the previous month, the government said on Thursday.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate hikes.
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WASHINGTON - Retail sales slid in August as people steered away from buying cars and shoppers kept a close eye on their spending after splurging in July.    The Commerce Department reported retail sales fell by 0.3 percent in August, following a 0.8 percent gain the previous month...
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Market turbulence and problems in the housing market hit consumer confidence in the US in August, a survey says.
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August sales trends help investors discern the leader in this appealing sector.
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Consumer prices barely budged in August, suggesting that inflation isn&#39;t currently a problem for the economy and Federal Reserve policy-makers can stick with a gradual approach to raising interest rates.
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Consumers' renewed worries about job prospects led to a bigger-than-expected drop in confidence in August and suggested the economic expansion is fragile.
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Shoppers persevered at the nation's stores and malls in August, buying skinny jeans and other back-to-school fashions and giving many retailers solid sales gains for the month. The outlook for the rest of the year nonetheless remained unclear amid higher energy costs and interest rates and a deteriorating housing market.
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Consumers returned to the malls in August for a late back-to-school buying spree, helping many retailers rebound from July's sluggish pace. But analysts are still worried that the weakening housing market and higher food and gas prices will curtail shopping in the critical months ahead.
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From department stores to discounters, the nation&#39;s retailers reported sluggish August sales yesterday as consumers cut back spending during the generally lucrative back-to-school shopping month.