consumer spending

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
Government, Business, Logistics

Missing Data During Shutdown Complicates Consumer Spending Reports

Consumers David Paul Morris/Bloomberg News

The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.

Shobhana Chandra | Bloomberg News
January 15, 2019
Government, Business

Consumer Spending Tops Forecasts as Inflation Data Mixed

Lady shopping Jeenah Moon/Bloomberg News

U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.

Shobhana Chandra | Bloomberg News
December 21, 2018
Government, Business

Consumer Spending Rises 0.6% in October

Shopper John Minchillo/Associated Press

WASHINGTON — Consumers boosted their spending in October at the fastest pace in seven months, while their incomes rose by the largest amount in nine months — both good signs for future economic growth.

Martin Crutsinger | Associated Press
November 29, 2018
Government, Business

Retail Sales Gain Weak 0.1% in September

Consumer shopping Brynn Anderson/Associated Press

WASHINGTON — U.S. consumer spending edged up a slight 0.1% in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas.

Martin Crutsinger | Associated Press
October 15, 2018

Four Reasons Why Shoppers Are in the Mood to Spend

Shopper at a Target store A shopper roams a Target store. (Eric Gay/Associated Press)

NEW YORK — The store isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend.

Anne D’Innocenzio | Associated Press
August 29, 2018

US Consumer Spending Surged 1% in September

Hyundai dealership David Zalubowski/AP

WASHINGTON — Consumers boosted their spending by 1% in September, the biggest monthly gain in eight years. The surge was led by strong sales of autos and other durable goods.

Martin Crutsinger | Associated Press
October 30, 2017

Americans’ Spending Barely Grew in June as Incomes Stagnated

Consumer MivPiv/iStock

Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Aug. 1.

Sho Chandra | Bloomberg News
August 1, 2017