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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 ...
On Thursday, the government said the economy accelerated at a 4.9% annual rate in the July-September quarter, the fastest such rate since 2021, on the back of a jump in Americans' spending.
And in October, that financial foundation was indeed strong for the economy-powering consumer: Personal income shot up 0.6%, the largest monthly increase since March; and disposable income (income ...
Many are changing their holiday spending behavior, as a result. ... our October 2024 Impulse Shopping Survey found that last year, 54 percent of U.S. adults made at least one impulsive purchase ...
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 ...
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.
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.
Average monthly spend: $100 to $200 per household In 2024, consumers allocated more of their budgets to personal care items such as toiletries, cosmetics and over-the-counter health products.