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Tag Archives: consumer spending

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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Consumers’ confidence down in June on job worries

NEW YORK — A private research group is reporting that U.S. consumers’ confidence declined to a seven-month low as job worries increased. The Conference Board’s Consumer Confidence Index slipped to 58.5 in June, down from a revised 61.7 in May. ...

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Consumer spending in May weakest in a year

WASHINGTON — For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually ...

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