Consumer Spending Rebounds in July
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U.S. consumer spending rebounded  sharply in July, government data showed on Monday, erasing the  disappointment of June and bolstering hopes that the U.S.  economy has recovered from its recent soft spot.
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Retail sales bounced back a bit in July, and new claims for jobless benefits fell last week, the government said Thursday, indicating the economy is improving from a midsummer slump.
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Consumers put aside worries about slumping home sales and soaring gasoline prices and pushed spending up by the largest amount in three and a half years.
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Consumers undeterred by escalating credit problems and a weakening housing market went on a back-to-school buying spree last month, helping many retailers rebound from July's disappointing sales. But analysts are still worried that economic concerns might curtail shopping in the critical months ahead.
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U.S. 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 bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased
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Consumer spending rebounded in September while manufacturing activity expanded in October, though at a slower pace than the previous month, providing further evidence of continued but moderating economic growth on the eve of the presidential election.
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French consumer spending is stronger than expected in July and August, official figures show.
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US consumer prices eased down by 0.1 per cent in July as gasoline prices dropped, while factory output rose and home construction rebounded, offering hope the economy has escaped its early-summer &quot;soft patch.&quot; ...
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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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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Consumers stepped up their borrowing in July by the largest amount since the beginning of the year, the Federal Reserve reported Wednesday.
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Businesses saw inventories rise in July as sales picked up, the government reported Wednesday.
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WASHINGTON -- The economy headed into the summer with strong momentum, propelled by a manufacturing rebound and consumers who eagerly went shopping and sightseeing despite high gas prices.
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Consumer spending rose slightly in July, though tepid growth in personal income raised concern about whether the trend will continue.
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Consumer spending rebounded sharply July, government data showed Monday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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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.