Consumer Spending Rebounds Sharply
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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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According to Stuart Hoffman, chief economist at PNC Financial Services Group, &#39;Consumer spending rebounded on the strength of rebate-induced auto sales.
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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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US consumers delivered good news to the economy on Thursday, as data for July showed spending on goods and services was growing more quickly than at any time this year.
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Retailers rebounded from their disappointing holiday season as shoppers redeemed gift cards to buy winter and spring merchandise.
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U.S. personal spending jumped a much  bigger-than-expected 1.1 percent in November, the sharpest rise  in more than two years, while prices rose, a Commerce  Department report showed on Friday.
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The national economy grew at a solid rate in the last three months, boosted by a rebound in consumer spending and another strong quarter of business investment, the Commerce Department reported yesterday.
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The increase in consumer spending, reported by the Commerce Department today, marked a turnaround from the 0.2 percent decline in June.
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WASHINGTON Aug. 30, 2004 - After taking a rest in June, the nation&#39;s consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.
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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.
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After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.
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Consumer spending in the US rises by its largest amount in three-and-a-half years in November, figures show.
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WASHINGTON: United States consumer spending rebounded sharply in July, government data showed yesterday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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Spending rose at twice the rate it did in June, suggesting that the economy may not be slowing as drastically as some had forecast.
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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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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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Consumer spending is shown to be the main driver of the US economy in the first quarter of 2007.