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US consumer spending sees strong momentumUS consumer spending rose more than expected in June as households bought goods and services, suggesting strength that appeared to be sustained early in the third quarter with auto sales surging to an eight-month high in July. Des More… |
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US consumer spending gains steam; inflation upUS consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year. The upbeat data on Friday added to reports on manuf More… |
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US consumer sentiment slips from 11-year highUS consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while. The ebb in sentiment came despite strong job gain More… |
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US wage gains highest since 2008US consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter. But rising consumer sentiment and faster wage growth suggest the weakness in spe More… |
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US consumer spending boosts recovery hopesUS consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. They spent more on cars, clothing and furniture last month to boost retail sales 1.1 per cent, the Commerce Department said on Fr More… |
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Key US consumer data raises deflation fearsUnderlying US inflation pressures were muted in August, keeping deflation fears alive, even though a rise in food and energy costs drove overall consumer prices higher. The core consumer price index (CPI) was flat last month, the Labour De More… |
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Outlook upbeat despite flat US consumer dataUS consumer spending was unexpectedly flat last month after six months of gains, but growing consumer confidence in the economic outlook suggested consumption will remain strong this quarter. Although spending was unchanged, real disposabl More… |
Oil eases below $81 on US consumer dataOil eased below $81 a barrel on Monday, extending the previous session's losses, as data showing a drop in US consumer confidence fanned worries about flagging demand in the world's top energy user. The market will scour US February indust More… |
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US consumer spending up, savings dwindleUS consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery. The Commerce Department said on More… |
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Oil falls over 3pc on economic woesOil prices fell more than 3 per cent toward $77 a barrel on Friday, pressured by bearish economic data that dented confidence about a potential recovery in energy demand. Weaker US consumer sentiment in October and consumer spending cuts i More… |
