consumer spending

Government, Business

Inflation Slows From 40-Year Peak, but Remains High

Grand Central Market in Los Angeles Grand Central Market in Los Angeles. (Marcio Jose Sanchez/Associated Press)

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.

Christopher Rugaber | Associated Press
August 10, 2022
Government, Business

American Consumer Momentum Wanes Just in Time for the Holidays

American Consumer Momentum Wanes Just in Time for the Holidays Shoppers walk through the Urbanspace Union Square Holiday Market in New York (Gabby Jones/Bloomberg)

The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.

Kriti Gupta | Bloomberg News
December 15, 2021
Government, Business

Consumers Spending at Fastest Pace BofA CEO Has Seen

Consumers Spending at Fastest Pace BofA CEO Has Seen Bank of America CEO and Chairman Brian Moynihan (Hannah McKay/Bloomberg)

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he has ever seen, but he remains concerned about how inflation and supply chain issues will influence the economy going into the winter.

Ken Sweet | Associated Press
December 13, 2021
Business

Consumer Spending Rebounds in October; Inflation Elevated

Customers shop for frozen turkeys for Thanksgiving dinner at a grocery store in Mount Prospect, Ill. Customers shop for frozen turkeys for Thanksgiving dinner at a grocery store in Mount Prospect, Ill. (Nam Y. Huh/Associated Press)

WASHINGTON — U.S. consumer spending rebounded in October, rising by a solid 1.3%, but inflation remains elevated, rising over the past year at the fastest pace in more than three decades.

Martin Crutsinger | Associated Press
November 24, 2021
Government, Business

Consumer Spending Slows to 0.3% Gain in July

Shoppers Shoppers in Boston by Charles Krupa/AP

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.

Martin Crutsinger | Associated Press
August 27, 2021
Government, Business

Consumers Boost Spending 1% as Inflation Remains High

shoppers Shoppers at the Westfield San Francisco Centre shopping mall in San Francisco. (David Paul Morris/Bloomberg)

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.

Martin Crutsinger | Associated Press
July 30, 2021
Government, Business

Consumer Spending Flat in May

Target shoppers Nam Y. Huh/AP

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%.

Martin Crutsinger | Associated Press
June 25, 2021
Government, Business

Consumers Boosted Spending by Just 0.5% in April

help wanted sign A Nordstrom store in Coral Gables, Fla., advertises that it is hiring. (Marta Lavandier/AP)

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.

Martin Crutsinger | Associated Press
May 28, 2021
Government, Business

Consumer Spending Up 8.2%, Partly Erasing Record Plunge

Shoppers, left, head to the entrance of a Best Buy store in Minnesota on June 24. Shoppers, left, head to the entrance of a Best Buy store in Minnesota on June 24. (Jim Mone/Associated Press)

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.

Martin Crutsinger | Associated Press
June 26, 2020
Government, Business

US Consumer Spending Plunges While Stimulus Boosts Incomes

A customer wears a protective mask while loading purchases from a Home Depot store in Reston, Virginia, on May 21. A customer wears a protective mask while loading purchases from a Home Depot store in Reston, Virginia, on May 21. (Andrew Harrer/Bloomberg News)

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.

Reade Pickert | Bloomberg News
May 29, 2020

Pages