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Tag Archives: consumer spending

U.S. economy grew 2.5 percent in Q3

WASHINGTON — A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained, though, is far from clear. Buoyed by a resurgent consumer and strong business investment, the ...

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Businesses boost orders for equipment, machinery

WASHINGTON — Companies ordered more machinery, computers and communication equipment in August, a positive sign for the slumping U.S. economy. An increase in demand for those kind of longer-lasting factory goods suggests businesses are sticking with their investment plans, despite ...

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Consumer confidence essentially unchanged

NEW YORK — Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages. People were spooked last month over a ...

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Retail sales flat in August, auto demand declined

WASHINGTON — Consumers spent less on autos, clothing and furniture to leave retail sales unchanged in August. The lack of growth suggests households became more cautious during wild stock market fluctuations and increased fears about the economy. The Commerce Department ...

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Best Buy 2nd quarter net income drops

MINNEAPOLIS — Best Buy Co. said Tuesday its fiscal second-quarter net income fell 30 percent as consumers hit the pause button on buying electronics, particularly TVs and smart phones, while fears about the global economy persist. Results missed expectations and ...

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Consumer spending highest in five months

WASHINGTON— Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession. Americans bought more cars ...

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Americans cut spending for first time in 20 months

WASHINGTON — Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing. Consumer spending ...

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