Consumer Spending | featured news

US consumers cut back on spending

US consumer spending falls for the second month in a row in April, despite an increase in personal income levels.

 

U.S. Retailers See Signs of Easing in Sales Slowdown

U.S. Retailers See Signs of Easing in Sales Slowdown

Weak consumer spending continued in April, but some retailers posted sales gains, or slighter declines than in the past.

 

U.S. economy shrinks, profits plunge in Q4

U.S. economy shrinks, profits plunge in Q4

The U.S. economy shrank at its fastest pace since 1982 in the fourth quarter and corporate profits plunged a record $120.1 billion, pulled down by falling consumer spending and exports, government data showed on Thursday.

 

Consumer spending rebounded in January

Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items.

 

Consumer spending drops, factory decline eases

Factory activity contracted at a slower pace in January, data showed on Monday, providing a rare dose of good news for the battered economy, but other reports pointed to a deepening of the recession.

 

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