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Tag Archives: consumer spending

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 ...

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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 ...

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Consumer confidence jumps to 7-month high

NEW YORK — Americans’ confidence in the economy jumped this month to the highest level since February, bolstered by a brighter outlook for overall business conditions and hiring. The Conference Board said Tuesday that its Consumer Confidence Index rose to ...

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Gas prices, cars push retail sales up 0.9 pct.

WASHINGTON — U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending. Retail sales increased ...

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Consumer spending rose 0.4 percent in July

WASHINGTON — Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy mired in subpar growth. Consumer spending rose 0.4 percent in ...

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Retailers report best sales growth since March

NEW YORK — Americans kept spending this summer despite their escalating fears about the slow economic recovery and surging gas prices. A group of 18 retailers ranging from discounter Target to club-operator Costco reported monthly sales on Thursday that rose ...

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Americans’ confidence falls off in August

NEW YORK — Americans are feeling worse about the economy than they have in a long time — a fact that could have wide-reaching implications everywhere from Wal-Mart to the White House. Despite improving U.S. job and housing markets, consumer ...

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Consumer prices steady, but drought could mean hikes

WASHINGTON — U.S. consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn’t increased since March, evidence that the weak economy is keeping inflation in ...

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