Search results
Results from the WOW.Com Content Network
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 ...
Consumer spending grew 0.4% from September to October — strong signs for a growing economy that has seen inflation fall from 9.1% to 2.6% in just over two years. That's close to its pre-pandemic ...
October 27, 2023 at 12:26 PM. ... Consumer spending, which accounts for more than two-thirds of U.S. economic activity, accelerated 0.7% last month after an unrevised 0.4% rise in August, the ...
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 ...
The coming week will also provide a closer look at consumer spending, a key trend in the 2023 economic story that's been headlined by a more resilient-than-expected consumer.
The reports followed on the heels of strong consumer spending data last week. ... Shipments of core capital goods rose 0.5% after advancing 0.4% in October. Business investment has largely held up ...
"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.
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 ...