Consumers help GDP edge up just 0.1%
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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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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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WASHINGTON -- Consumer prices rose by a mild 0.2 percent in November as costs for gasoline and food products calmed down after posting sharp increases the month before.
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U.S. consumer spending edged up a  slim 0.2 percent in November, much weaker than October's robust  0.8 percent jump as purchases of new cars dropped sharply, a  government report on Thursday showed.
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Spending rose slightly more than expected, while personal income rose 0.5 percent, the government said. For all of 2007, consumer spending grew by 5.5 percent, the weakest growth since 2003.
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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 prices rose modestly in  December while industrial production was flat, leaving the door  open for the Federal Reserve to slash interest rates later this  month to shore up an economy that some fear is on the verge of  a recession.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years as businesses sold off inventories but consumer spending remained strong, a Commerce Department report on Thursday showed.
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The Commerce Dept. today estimated that the nation's gross domestic product expanded at an annual rate of 3.1 percent.
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WASHINGTON: New data yesterday showed US inflation in check, with consumer prices up a modest 0.1 per cent in August, giving the Federal Reserve room go slow on boosting interest rates.
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US consumers kept a closer eye on their wallets as they moved into the holiday shopping season, boosting their spending by a modest 0.2 per cent in November.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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US consumers fed a pick-up in US economic growth in the third quarter but a sentiment survey for this month showed oil prices were dampening their spirits
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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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US consumer prices rose a modest 0.1 percent in August, in another sign that inflation was in check.
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U.S. consumers fed a pick-up in U.S.  economic growth in the third quarter but a sentiment survey for  this month showed oil prices were dampening their spirits,  government and private-sector data showed on Friday.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.