Latest Consumer spending News

US retail sales rise 0.4% in June in sign of consumer health

Jul. 16, 2019 10:19 AM EDT

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded. The Commerce Department said Tuesday that retail sales rose 0.4% in June, the fourth straight increase. Sales at online retailers, grocery stores,...

US retail sales rise a solid 0.4%, suggesting healthy consumer spending will boost economy

Jul. 16, 2019 8:31 AM EDT
WASHINGTON (AP) — US retail sales rise a solid 0.4%, suggesting healthy consumer spending will boost economy.

China's growth cools further as tariff war pressures mount

Jul. 15, 2019 3:20 PM EDT

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%,...

US consumers step up borrowing at healthy pace in May

Jul. 8, 2019 3:22 PM EDT

WASHINGTON (AP) — U.S. consumers borrowed more on their credit cards in May and also took out more student and auto loans, a modest sign of economic health. The Federal Reserve said Monday that consumer borrowing increased 5% that month, just below April's 5.2% rise. Total outstanding consumer debt, which...

US consumers increase spending a modest 0.4% in May

Jun. 28, 2019 9:43 AM EDT

WASHINGTON (AP) — Consumer spending increased 0.4% in May, a modest gain that suggests Americans remain confident enough about the economy's outlook to keep shopping. The Commerce Department said Friday that incomes rose 0.5% and inflation remained tame, increasing just 1.5% in the past year. Still, there...

US consumers increase spending a modest 0.4% in May as incomes rise and inflation remains tame

Jun. 28, 2019 8:34 AM EDT
WASHINGTON (AP) — US consumers increase spending a modest 0.4% in May as incomes rise and inflation remains tame.

US economy grew at solid 3.1% rate in first quarter

Jun. 27, 2019 9:37 PM EDT

WASHINGTON (AP) — The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross...

US retail sales rose 0.5% in May, led by online shopping

Jun. 14, 2019 9:21 AM EDT

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that recent worries about cautious consumers dragging on growth may have been overdone. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure...

US consumer spending slows to 0.3% gain in April

May. 31, 2019 9:08 AM EDT

WASHINGTON (AP) — Consumer spending slowed in April while inflation was up, but still far below the target set by the Federal Reserve. The Commerce Department said Friday that spending increased 0.3% in April following a 1.1% surge in March that had been the largest increase in nearly a decade. Personal...

US consumer spending slows to 0.3% gain in April after March surge while inflation edges up slightly

May. 31, 2019 8:34 AM EDT
WASHINGTON (AP) — US consumer spending slows to 0.3% gain in April after March surge while inflation edges up slightly.