US consumer spending soars by 0.6% in September, led by auto ...
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American consumers, who substantially slowed down their spending in late summer, roared back to life in September, boosting their purchases by 0.6 per cent.
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Shoppers rediscovered their urge to splurge in September, catapulting retail sales up by the largest percentage gain in six months. Industrial activity was restrained, meanwhile, partly because of hurricanes.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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Surging energy costs drove US consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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U.S. retail sales rose by an unexpectedly large 1.5 percent in September, propelled by the sharpest jump in auto sales in nearly three years, according to a government report on Friday that bodes well for economic growth in the third quarter.
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Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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Industrial output in the US rose for a 16th straight month in September,  ahead of analysts' forecasts.
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WASHINGTON  - Shoppers -- the dynamo in the US economy -- shrugged off rising energy prices and splurged in malls and car showrooms in September, a government report showed.
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U.S. consumer confidence rose more  sharply than expected in September as energy costs fell and job  prospects improved slightly, a survey showed on Tuesday.
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WASHINGTON - Consumer prices rose by a modest 0.2 percent in September as a decline in prices for new cars and airline fares helped to temper a rise in costs for medical care, gasoline and fuel oil.    The rise in the Consumer Prices Index, the government's most closely watched inflation barometer, came after prices edged up by 0.1 percent in August, the Labor Department reported Tuesday...
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U.S. factory growth stayed strong in September according to reports on Friday, while construction spending in the prior month hit a record high for a seventh month in a row, showing the economy's expansion remains solid.
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WASHINGTON : American consumer prices climbed a moderate 0.2 percent in the month to September, curbed by a slide in energy costs.
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US consumer prices - stoked by more expensive gasoline as well as pricier fruits and vegetables - heated up in October, rising by 0.6 per cent, the biggest gain in five months.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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NEW YORK Oct. 1, 2004 - Manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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The US economy grew at a faster-than-expected 3.9 percent annual pace in the third quarter of 2004, powered by robust consumer and business spending, the government revealed.
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US consumer prices rose more in September than a month earlier, reflecting higher costs for services such as hotel stays and medical care, a government report showed.