consumer spending News Updates

GovernmentBusiness

Consumer Spending Slows to 0.3% Gain in July

WASHINGTON — Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months rose to the fastest pace in three decades.

August 27, 2021
GovernmentBusiness

Consumers Boost Spending 1% as Inflation Remains High

WASHINGTON — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus.

July 30, 2021
GovernmentBusiness

Consumer Spending Flat in May

WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.

June 25, 2021
GovernmentBusiness

Consumers Boosted Spending by Just 0.5% in April

WASHINGTON — Americans increased their spending by a slight 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks.

May 28, 2021
GovernmentBusiness

Consumer Spending Up 8.2%, Partly Erasing Record Plunge

American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter.

June 26, 2020
GovernmentBusiness

US Consumer Spending Plunges While Stimulus Boosts Incomes

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

May 29, 2020
GovernmentBusiness

Consumer Spending Slowed in January While Incomes Jumped

WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

February 28, 2020
GovernmentBusiness

Consumer Spending Rises 0.1% in August

WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.

September 27, 2019
GovernmentBusiness

Fed Says Most Businesses Optimistic, Consumer Spending ‘Mixed’

The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.

September 4, 2019
GovernmentBusiness

Consumer Spending, Incomes Post Solid Gains in June

Consumer spending rose a healthy 0.3% in June, slightly below the strong gains of the past three months, while incomes turned in a solid 0.4% gain for the fourth straight month.

July 30, 2019