August Consumer Spending Flat
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Hit with soaring gasoline prices, consumers shut their wallets in August, keeping overall spending flat after a revised 1.1 percent jump in the previous month.
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A string of government reports on  Thursday offered a mixed picture of the U.S. economy while  unexpectedly poor August sales at major U.S. retailers fanned  fears about consumer spending.
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NEW YORK Aug. 27, 2004 - Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the US economy than they did a month ago, according to survey by the University of Michigan.
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The US Labor Department said Thursday inflation at the consumer level remained tame in August. The consumer price index rose 0.1 percent in August, reversing a 0.1 percent decline in July, the Labor Department said.
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The economy logged decent but slower growth in the early summer as some consumers tightened their belts. Despite high energy prices, overall inflation remained fairly moderate.
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Retail sales in August posted the weakest showing in two months as worried consumers curbed their spending habits.
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WASHINGTON -- Consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months.
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U.S. consumer spending slipped in   August but falling gasoline prices lifted shoppers' moods by   September and Midwest factory activity picked up as well,   according to data on Friday that suggested the economy was   still chugging along.
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Shoppers spent more freely in July, raising hopes that June&#39;s economic lull could be coming to an end. The Commerce Department reported Monday that consumers, key shapers of US economic activity, boosted spending
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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.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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The Consumer Price Index (CPI) in the United States increased by 0.1 percent in August following a drop of 0.1 percent in the previous month, the Labor Department reported on Thursday.
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U.S. retailers on Thursday reported  weaker-than-expected August sales, generating the smallest  monthly gain in a year and a half as high gasoline prices cut  into back-to-school spending.
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U.S. consumers spent at a   stronger-than-expected pace in August and import prices rose   steadily, according to government reports on Thursday that   hinted the economy may not be slowing quickly enough to curb   inflation pressures.
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U.S. consumer prices barely budged  in August and activity at mid-Atlantic factories slumped this  month, according to reports on Thursday seen as boosting  chances of a pause later this year in the Federal Reserve's  drive to raise interest rates.
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Consumer prices rose only 0.2 percent in August, pushing annual inflation to 3.8 percent, the lowest since April.
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September 17, 2004 -- Consumer prices rose only 0.1 percent in August, led by a decline in gas and car prices, according to a report released by the Labor Department on Thursday.