Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: consumer spending

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Retail group predicts growth in holiday sales

NEW YORK — Americans are expected to spend more during what’s traditionally the busiest shopping season of the year, but they’re not exactly ready to shop ’til they drop like they have been in the past two years. The National ...

Read More »

Higher gas costs push consumer spending up

WASHINGTON — Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere. The Commerce Department said Friday that ...

Read More »