Economy, Consumers | featured news

March retail revenue figure inches up

U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy. Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent. That number comes from the research firm Retail Metrics.

 

US consumer spending up slight 0.2 percent

U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years. Income surged because companies rushed to pay dividends before income taxes increased on high-earners.

 

US consumer prices tick up as rental costs rise

Rising food costs and higher rents offset a drop in gas prices last month, leaving consumer prices only slightly higher in October compared with the previous month.

 

Consumer sentiment hits five-year high in November

Consumer Sentiment

Consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed.

 

Analysis: Americans to face tougher 2013 on rising prices, taxes

Shopping

Consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.

Senh: This is a pessimistic view. Lately, most of the economic reports have been positive. Unemployment is at a 4.5 year low, consumer sentiment at a five year high, housing market is rebounding, and consumer debt is at pre-recession levels.

 

Price of gas continues to fall, but that may change soon

Consumers have caught a break from the slowing economy as gasoline prices extended their steep three-month decline, but the cost of filling the tank may soon head back up, a widely followed survey said on Sunday.

 

Consumers gloomier on jobs, finances

Consumer sentiment cooled again in early July to its lowest level in seven months as Americans took a dim view of their finances and job prospects, a survey released on Friday showed.

 

Gas prices could hit $3 by autumn

The slowing economy could provide a bright spot for consumers: gasoline at $3 a gallon — or less — by autumn.

 

US retail sales dropped 0.2 percent in May

U.S. retail sales declined in April and May, pulled down by a sharp drop in gas prices. But even after excluding volatile gas sales, consumers barely increased their spending... Americans did spend more in May on big purchases. Sales of cars, furniture and appliances all increased. That suggests consumers may be gaining more confidence in the economy.

Senh: Bad news, good news. I think, this article is more good news than bad news.

 

Consumers in spending mood in February

Spending rose by the most in seven months, raising hopes that first quarter economic growth may have been stronger than expected.

 

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