consumer spending

Government, Business

Consumer Spending Slowed in January While Incomes Jumped

Man shopping for jeans A man shops at a Kohl's store in Colma, Calif. (Jeff Chiu/AP)

WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

Christopher Rugaber | Associated Press
February 28, 2020
Government, Business

Consumer Spending Rises 0.1% in August

Woman shopping for clothes David Zalubowski/AP

WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.

Christopher Rugaber | Associated Press
September 27, 2019
Government, Business

Fed Says Most Businesses Optimistic, Consumer Spending ‘Mixed’

Trucks in line to unload at Port of Oakland Trucks hauling shipping containers wait to unload at the Port of Oakland in Oakland, Calif., on July 22, 2019. (AP Photo/Ben Margot)

The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.

Christopher Condon | Bloomberg News
September 4, 2019
Government, Business

Consumer Spending, Incomes Post Solid Gains in June

Consumer Jim Mone/Associated Press

Consumer spending rose a healthy 0.3% in June, slightly below the strong gains of the past three months, while incomes turned in a solid 0.4% gain for the fourth straight month.

Martin Crutsinger | Associated Press
July 30, 2019
Government, Business

First-Quarter Consumer Spending Revised Down to 0.9% Gain

Consumer Giulia Marchi/Bloomberg News

U.S. consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%.

Reade Pickert | Bloomberg News
June 27, 2019
Government, Business

Consumer Spending Slows to 0.3% Gain in April

Consumer shopping Mark Lennihan/Associated Press

The Commerce Department said May 31 that consumer spending increased 0.3% in April after a 1.1% surge in March that had been the largest increase in nearly a decade. Personal income growth, which had been lagging in recent months, jumped 0.5% in April.

Martin Crutsinger | Associated Press
May 31, 2019
Government, Business

March Consumer Spending Jumps as Core Inflation Eases

Consumer TT File Photo

U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up.

April 29, 2019
Government, Business

Consumer Spending Misses Forecasts as Inflation Eases

Consumer Katie Falkenberg/McClatchy-Tribune

U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook.

Jeff Kearns | Bloomberg News
March 29, 2019
Government, Business

JPMorgan Chase: Tax Refunds Often Reset Consumers’ Finances

Taxes Daniel Acker/Bloomberg News

Refunds have averaged $3,602, and amount to the biggest incoming cash flow day of the year for 29% of recipients, according to the institute’s study of bank and credit card customer data from 2015-17, before the 2017 Republican tax law took effect.

Jeff Kearns | Bloomberg News
March 5, 2019
Government, Business

Consumer Spending Fell Sharp 0.5% in December

Retail shopper David Zalubowski/AP

WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.

Martin Crutsinger | Associated Press
March 1, 2019