U.S. consumer spending increased by the most in six months in July. Americans bought more goods and services last month. Consumer spending, which accounts for more than two-thirds of US economic activity, increased by 0.80 percent. Data for June was revised upward slightly, showing that spending rose by 0.6 percent, instead of 0.50 percent as previously reported. Spending on goods […]
U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could prompt the Federal Reserve to raise interest rates again next month. The growth picture was further brightened by other data from the Commerce Department today showing a surprise rebound last month in orders of manufactured non-defense […]
The U.S. continues to see consumer prices rise in the month of September. This was more than expected and suggests that the country is still in a struggle to tame inflation. Inflation, the rate at which prices rise, was 8.2% in the 12 months to September, down from 8.3% in August. Despite the fall, the figure was still higher than […]
U.S consumer sentiment hit a new record low in June amid growing concerns about inflation. This is according to a closely followed University of Michigan survey released today. The final index reading of 50 in the monthly Surveys of Consumers was just below the preliminary reading of 50.2 released two weeks ago. The final June index – a 14.4% drop […]
