Latest Consumer spending News

US retail sales soared 1.6% in March

Apr. 18, 2019 9:56 AM EDT

WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains...

Global stocks subdued as investors eye earnings, data

Apr. 18, 2019 7:51 AM EDT

BEIJING (AP) — Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. France's CAC 40 gained 0.3% to 5,576. A survey...

Asian stocks sink after Wall Street declines

Apr. 18, 2019 12:36 AM EDT

BEIJING (AP) — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the...

High prices, interest rates push 1Q US auto sales down 2%

Apr. 2, 2019 5:39 PM EDT

DETROIT (AP) — Automobile sales in the U.S. fell 2% in the first quarter, another sign the nation's economy is starting to slow. Automakers sold just over 4 million vehicles from January through March, according to Ward's Automotive Intelligence, and industry analysts blame the decline on rising vehicle...

US retail sales declined 0.2 percent in February

Apr. 1, 2019 4:11 PM EDT

WASHINGTON (AP) — U.S. retail sales fell in February, as consumers pulled back their spending on building materials, groceries, furniture, electronics and clothing amid signs of a slowing economy. The Commerce Department said Monday that retail sales fell 0.2 percent in February, after posting an upwardly...

US consumer spending edges up weak 0.1 percent in January

Mar. 29, 2019 10:50 AM EDT

WASHINGTON (AP) — U.S. consumer spending edged up a tiny 0.1 percent in January, while incomes advanced a modest 0.2 percent in February, further evidence that economic activity may have decelerated after strong growth for most of last year. The Commerce Department said Friday that the weak gain in...

US consumer spending edges up just 0.1 percent in January in further evidence of slowing economy

Mar. 29, 2019 8:33 AM EDT
WASHINGTON (AP) — US consumer spending edges up just 0.1 percent in January in further evidence of slowing economy.

US retail sales up just 0.2 pct. as consumers stay cautious

Mar. 11, 2019 10:46 AM EDT

WASHINGTON (AP) — U.S. retail sales rose slightly in January after a sharp drop in December, reflecting caution taken by consumers amid a government shutdown and volatile stock market. Retail sales increased just 0.2 percent, the Commerce Department said Monday, after a sharp fall of 1.6 percent in...

Consumer borrowing up in January with credit card rebound

Mar. 7, 2019 4:08 PM EST

WASHINGTON (AP) — Consumer borrowing rose at a slightly faster pace in January as borrowing on credit cards rebounded after a slowdown in December. Borrowing increased by $17.05 billion in January after a $15.36 billion December gain, the Federal Reserve reported Thursday. The increase reflected...

How to predict consumer spending trends? Use data, intuition

Mar. 6, 2019 12:57 PM EST

NEW YORK (AP) — Small business owners who want to predict what consumers will buy next month, next season or next year can get some answers by mining the internet for data, and thinking about what that data means. First, retailers and manufacturers should expect that a current trend will run its course,...