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Tag Archives: consumer spending

Some say tax free shopping week is weak

It’s that time of year again — devastating humidity, last-hurrah crab feasts — and, for the third consecutive year, the state’s tax-free shopping week. From Sunday through Aug.18, shoes and apparel priced less than $100 will be exempt from Maryland’s 6 percent sales tax.

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Bernanke says many struggle despite U.S. recovery

WASHINGTON — Federal Reserve Chairman Ben Bernanke says data that show the U.S. economy in recovery doesn’t fully capture the tough times felt by many. Bernanke says that while measures of consumer spending, income and wealth point to improvement, “many ...

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Gov’t: Great Recession bit less weak than thought

WASHINGTON (AP) — Here’s a small consolation: The Great Recession wasn’t quite as horrendous as previously thought. But it was still pretty horrendous: Updated government estimates from January 2009 through December 2011 show that the downturn remains by far the ...

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U.S. economy grew at modest 1.9 percent rate in 1Q of 2012

WASHINGTON — The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year. The Commerce Department on Thursday made no change in ...

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Consumer confidence slipped in June

NEW YORK — Americans can’t seem to shake their uneasy feeling about the economy. Consumer confidence fell in June for the fourth straight month as worries about the economy outweighed relief at the gas pump, according to a private research ...

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Consumer spending up 0.3 percent in April

WASHINGTON — Consumer spending edged up modestly in April but personal income growth was the slowest in five months, raising concerns about the ability of Americans to keep spending in the future. Consumer spending increased 0.3 percent in April following ...

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