Spending Rebounds, Good News for Growth
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US consumer spending rebounded sharply July, government data showed on Monday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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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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The country&#39;s economy has accelerated, carried by strong household and government spending, to reach its fastest annual pace in nearly four years, official figures show.
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WASHINGTON - The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.
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The labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year.
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U.S. stocks rose on Wednesday after data pointing to strength in consumer spending boosted optimism about profit growth and as bond yields retreated from five-year highs.
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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Robust consumer spending during the  third quarter helped the U.S. economy advance faster than first  thought, a government report showed on Tuesday, while  underlying inflation was the tamest in decades.
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The hard-drive business rebounded in last year's third quarter  on both consumer and enterprise demand.
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Finance ministers say the global economy is now recovering after the recent turmoil in worldwide markets.
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Spending by US consumers rose in November, suggesting shoppers will continue to boost economic growth this quarter. The 0.2 percent gain in personal expenditures on goods and services
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Massachusetts&#39; recovery picked up speed in October as an improving job market and strong consumer spending propelled the state&#39;s economy to one of its best performances
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WASHINGTON -- The economy rebounded with a good head of steam in the spring before a credit crisis raised new fears about longer-term business health.
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.
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U.S. consumer spending rebounded  sharply 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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WASHINGTON: United States consumer spending rebounded sharply in July, government data showed yesterday, erasing the disappointment of June and bolstering hopes that the US economy has recovered from its recent soft spot.
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Increased spending by consumers and business helps US economic growth rise at a higher-than-predicted rate in the July to September period.