consumer spending News Updates

Government, Business

JPMorgan Chase: Tax Refunds Often Reset Consumers’ Finances

Refunds have averaged $3,602, and amount to the biggest incoming cash flow day of the year for 29% of recipients, according to the institute’s study of bank and credit card customer data from 2015-17, before the 2017 Republican tax law took effect.

March 5, 2019
Government, Business

Consumer Spending Fell Sharp 0.5% in December

WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.

March 1, 2019
Government, Business, Logistics

Missing Data During Shutdown Complicates Consumer Spending Reports

The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.

January 15, 2019
Government, Business

Consumer Spending Tops Forecasts as Inflation Data Mixed

U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.

December 21, 2018
Government, Business

Consumer Spending Rises 0.6% in October

WASHINGTON — Consumers boosted their spending in October at the fastest pace in seven months, while their incomes rose by the largest amount in nine months — both good signs for future economic growth.

November 29, 2018
Government, Business

Retail Sales Gain Weak 0.1% in September

WASHINGTON — U.S. consumer spending edged up a slight 0.1% in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas.

October 15, 2018
Business

Four Reasons Why Shoppers Are in the Mood to Spend

NEW YORK — The store isn’t dead for ºÚÁϳԹÏÍø Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend.

August 29, 2018
Business

US Consumer Spending Surged 1% in September

WASHINGTON — Consumers boosted their spending by 1% in September, the biggest monthly gain in eight years. The surge was led by strong sales of autos and other durable goods.

October 30, 2017
Business

Americans’ Spending Barely Grew in June as Incomes Stagnated

Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Aug. 1.

August 1, 2017
Business

Consumer Goods, Housing Stable, Expected to Expand in Economy, Analysts Predict at Seminar

The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.

July 20, 2017