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WASHINGTON (AP) — Consumer spending increased 0.4% in May, a modest gain that suggests Americans remain confident enough about the economy’s outlook to keep shopping. The Commerce Department said Friday that incomes rose 0.5% and inflation remained tame, increasing just 1.5% in the past year....
WASHINGTON (Reuters) - U.S. consumer spending increased slightly more than expected in September, putting it and the economy on a higher growth trajectory heading into the final three months of the year. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, ros...
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.
"With consumer spending growth north of 3.5%, the U.S. consumer is not showing any hint of a slowdown," Olu Sonola, head of U.S. economic research at Fitch Ratings, said in an email. "Far from it. With an economy this strong, it is difficult to imagine that labor market conditions...
Retailers' efforts to draw U.S. customers in for Black Friday appear to have been successful, as Mastercard reported a 3.4% year-over-year rise in consumer spending on the post-Thanksgiving shopping holiday.
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.7% annual pace last quarter, up from 2.8% in the April-June period. Exports also contributed to the third quarter’s growth, increasing at an 8.9% rate. ...
stronger consumer spending starting in 2026, and a lower merchandise trade deficit. However, due to the inflationary impact of the tax cuts, inflation does settle around 2.3% per year by the outer years of the forecast, higher than in the status quo ante. Finally, with fewer deportations, ...
Consumer spending represents about two-thirds of the US economy. The US Census Bureau's weekly Household Pulse Survey showed that 51.1 percent of households reported a loss of job income for the week ended July 21, up from 48.3 percent four weeks ago. ...