Consumer Spending in July Grew at Twice the June Rate
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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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Consumer spending emerged from a slump and rebounded in July as households dipped aggressively into their pocketbooks after an unexpected spell of restraint in June.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, suggesting an equally strong finish to the year.
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The US economy grew at a 3.9 percent annual pace from July through September, faster than initially estimated last month, as consumers spending strengthened.
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US consumer spending is on the rise again, a sign the economy may be emerging from an early summer decline.
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The U.S. economy grew overall during  June through mid-July but some regions reported slowing  activity, and there were scattered reports of rising prices,  the Federal Reserve said on Wednesday.
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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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Consumer spending accelerated in October as a surge in hiring led to the biggest rise in incomes in five months, the government reported yesterday.
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New home sales rose 2.8 percent in July, only the second time this year that such sales increased from the previous month.
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US consumer spending rebounded sharply July, government data showed on Monday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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Americans reached for their credit  cards with gusto in May after an April lull, sending overall  U.S. consumer borrowing up by $12.90 billion -- more than twice  the forecast rise, a Federal Reserve Board report showed on  Monday.
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House price growth rebounded in June, according to the Nationwide, with prices rising by 1.1% in the month.
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Consumers boosted their spending at  the strongest rate in four months during August and core  consumer prices posted their smallest year-on-year rise in  3-1/2 years, the Commerce Department reported on Friday.
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The US economy grew more quickly than previously thought in the three months to June, official figures suggest.
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Core U.S. consumer prices rose 0.2  percent in June, continuing a steady march that has taken the  year-on-year rate of nonfood, nonenergy inflation to 2.4  percent, its highest since September 2002, the Commerce  Department said on Tuesday.
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US consumer spending rose 0.8 percent in July after a smaller decline in June than previously reported, a sign the economy is accelerating.
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Personal income and consumer spending jumped more than expected in July while one measure of inflation remained tame -- positive economic news amid continued problems in the real estate industry and rising home loan default rates.