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Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from September to ...
Online sales jumped 6.7% from a year ago and in-person spending rose 2.9%. Consumer spending accounts for nearly 70% of U.S. economic activity and economists carefully monitor how Americans use ...
October retail sales grew from the prior month, reflecting continued resilience in the American consumer. Retail sales rose 0.4% in October. Economists had expected a 0.3% rise in spending ...
In October, Republicans reported a much clearer drop in sentiment than Democrats. Still, consumers have kept spending despite their gloomy responses to economic confidence surveys, buoying the economy. Growth likely reached 3.2% in the July-September quarter, a healthy pace, according to the Federal Reserve Bank of Atlanta. 10/11/2024 11:14 -0400
The Commerce Department released its latest consumer spending report Friday, showing gains in auto sales, electronics, and restaurants and bars. Consumer spending is still robust, even as broader ...
But data for August was revised lower, suggesting that third-quarter consumer spending growth pace could be trimmed down to a 3.5% annualized rate from the 3.7% pace estimated last month.
A report Friday showed that while inflation-adjusted income fell last month along with the savings rate, consumers still ramped up their spending. That trend, economists say, is unsustainable ...
In 2022, Hatzius went on to explain, consumers needed their excess savings because real disposable income — the income consumers see after adjusting for inflation — was negative last year due ...