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When adjusted for inflation, consumer spending rose 0.4%, setting the economy on a higher growth trajectory heading into the first quarter. Personal income increased 0.4% after gaining 0.3% in ...
When adjusted for inflation, consumer spending rose 0.3% after edging up 0.1% in October. The so-called real consumer spending is running at an annualized rate of 3.1% in the first two months of ...
These declines more than offset increases in outlays on other nondurable goods and recreational goods and vehicles. Adjusted for inflation, consumer spending rose 0.1% after climbing 0.4% in July ...
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an upwardly revised 0.6% rise in November. Spending was previously reported to ...
When adjusted for inflation, consumer spending climbed 0.5%. The so-called real consumer spending also increased 0.5% in February. March's strong gain put consumer spending on a higher growth path ...
Before 2019, the U.S. was seen as a last resort for consumer spending during a global recession, but after 2020, U.S. exports have contributed to foreign inflation. At the same time, energy prices have gone up as well as the value of the U.S. dollar, which both increased monetary pressures on nations that mostly rely on energy imports.
On a "core" basis, which strips out the food and energy prices, inflation is expected to have risen 3.6% year over year, a slowdown from the 3.8% increase seen in March.
New data from Barclaycard has revealed consumer card spending increased 10.6% year-on-year as spending was boosted by the easing pandemic restrictions compared with 2021. ... it came amid soaring ...