Consumers Tighten Borrowing in August
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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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Shoppers are wary about High Street spending despite August's better weather, the latest retail sales figures show.
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From department stores to discounters, the nation'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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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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US retail sales rose a weaker-than-expected 0.3 percent in August, data showed Friday, suggesting US consumers are turning cautious in the face of housing and credit woes.
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August sales trends help investors discern the leader in this appealing sector.
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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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Mortgage lending rose at its weakest monthly pace in two years in August and loan approvals for house purchase fell again, showing further evidence the once-booming property market has turned.
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UK public finances worsened in August, with net borrowing widening to Â£7.6bn, according to the latest ONS figures.
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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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US 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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Consumer confidence weakened in August as volatile financial markets and housing problems took a toll, a private research group said Tuesday.
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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.
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Lock in the lowest rates of the summer. Get up to 4 free quotes from trusted lenders. Apply now - bad credit OK.
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Bigger discounts helped General Motors increase sales in August while Toyota, Ford Motor and Chrysler posted declines amid troubles in the credit and housing markets.
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WASHINGTON -- 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...
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US retail sales excluding autos rose for a fourth month in August, suggesting stronger consumer spending that will help the economy accelerate this quarter.