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Tag Archives: consumer spending

Factories grow at fastest pace since June 2011

WASHINGTON — U.S. manufacturing expanded in February at the fastest pace since June 2011, buoyed by increases in new orders and production. The third straight month of growth suggests factories may help the economy this year after slumping through most ...

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Economy shrinks 0.1 pct., 1st time in 3½ years

WASHINGTON — The U.S. economy unexpectedly shrank from October through December, the first quarterly drop since 2009 and a reminder of the economy’s vulnerability as automatic cuts in government spending loom. The Commerce Department said the economy shrank at an ...

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Retail sales rose 0.5 percent in December

WASHINGTON — U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potentially tax increases. Retail sales rose ...

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Consumer spending rose 0.4 percent in November

WASHINGTON — Consumers spent and earned more in November, reflecting a rebound from the disruptions caused by Superstorm Sandy. The Commerce Department says consumer spending rose 0.4 percent compared with October. Personal income jumped 0.6 percent, the biggest gain in ...

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Sandy slowed consumer spending, pay in October

WASHINGTON — Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that could slow economic growth for the rest of the year. The Commerce Department said Friday that ...

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