Tag: consumer spending

July 5, 2019

The June jobs report being released Friday will likely help determine whether the U.S. economy has stabilized or is gradually weakening. The evidence is conflicting. Consumer spending has solidified. Home sales are rebounding. But America’s manufacturing sector is slowing along […]

April 27, 2018

The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably […]

January 26, 2018

The U.S. economy grew at a solid rate of 2.6 percent in the final three months of last year, helped by the fastest consumer spending since the spring of 2016 and a big rebound in home construction. The fourth quarter […]

September 1, 2017

U.S. stocks rose again Thursday as investors were pleased with a report that showed spending by U.S. consumers grew in July, along with wages and salaries. Health care and technology companies lead the way and the Nasdaq composite closed at […]

May 15, 2017

Consumer prices rebounded moderately in April as energy prices climbed back up after a sharp decline in March. The Labor Department says consumer prices rose 0.2 percent after a 0.3 percent drop in March, which was the biggest fall in […]

April 27, 2017

President Trump’s economy isn’t bursting out of the gates. All signs are that it is starting 2017 with more of the same sluggish growth the U.S. experienced during President Obama’s term. But as with the final years of Obama’s presidency, […]

March 1, 2017

U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment. Gross domestic product rose at a 1.9 percent annual rate in the final three months of […]

January 31, 2017

U.S. consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained domestic demand that is likely to set the economy up for faster growth in early 2017. The […]

October 31, 2016

Consumers boosted their spending in September at the fastest pace in three months, while their incomes grew by a modest amount. The Commerce Department says consumer spending increased 0.5%, a significant rebound from August when spending fell 0.1%. The increase […]

September 6, 2016

After disappointing reports last week on August job growth and manufacturing, a holiday-shortened, light week of economic news will highlight the economy’s bright spots: the service sector, consumer spending and the booming labor market in July. The U.S. service sector […]

June 1, 2016

American spenders bounced back this spring. After a sluggish winter, U.S. consumer spending rose 1% in April compared to March, the best gain since August 2009, according to Commerce Department data released Tuesday. The news comes just weeks after retail […]