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Tag: US consumer spending


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US consumer spending leaps as late-December stimulus hits households, Bank of America says

January 22, 2021

Via: Markets Insider

Credit- and debit-card spending accelerated through the first two weeks of January as stimulus passed by President Donald Trump bolstered households’ balance sheets. Card spending climbed 6% from the year-ago period over the week that ended January 16, Bank of […]


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US consumer spending rose a moderate 1.9% in July

August 28, 2020

Via: ABC News

WASHINGTON — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless. […]


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US consumer spending sinks by record 13.6% in face of virus

May 29, 2020

Via: ABC News

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month’s spending decline was far worse than the revised […]


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US consumer spending up inflation-adjusted 0.3 percent

October 29, 2018

Via: ABC News

U.S. consumer spending rose by an inflation-adjusted 0.3 percent in September, led by increased spending on health care services and motor vehicles. The Commerce Department also said Monday that the Federal Reserve’s preferred measure of inflation returned to the central […]