Tag Archives: consumer spending

U.S. economic growth decelerated in the third quarter of 2021, as consumer spending slowed amid a resurgence in new COVID-19 cases and as government assistance payments decreased.Gross domestic product has grown at a 2% annual rate during the three months through September, the weakest of the recovery, according to an …

Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …

Consumer spending in the United States rebounded in March amid a rise in income, as families received additional aid money linked to the Covid-19 pandemic from the government, laying a solid foundation for a further acceleration in consumption in the second quarter. The Commerce Department said on Friday that consumer …

Consumer spending in the United States increased sharply last month, amid increased government stimulus spending and a decrease in the number of new Coronavirus cases. U.S. consumer spending rose by 2.4% in January, following a 0.4% decline in December, data by the U.S. Department of Commerce showed on Friday. The …

Consumer spending in the United States slowed last month, according to data released on Wednesday. The value of overall sales increased 0.6%. Retail sales, excluding automobiles, gasoline, building materials, and food services, decreased by 0.1% in August, after rising by 0.9% in July, as per the reading revised from a …

US consumer spending increased more than expected in July, bolstering expectations of strong economic growth recovery in Q3, although the momentum will likely subside as the Covid-19 pandemic continues and the impact of the fiscal stimulus dissipates. The US Commerce Department said consumer spending, which accounts for more than two-thirds …