Tag: consumer spending

December 21, 2023

US Q3 GDP has been revised lower to 4.9%, slightly below 5.2% in the second estimate, but matching the 4.9% initially reported in the advance estimate. The estimate released today is based on more complete source data than were available […]

July 19, 2021

As card companies begin reporting second-quarter earnings this week, they’ll benefit from a consumer spending rebound. Still, spendthrift cardholders won’t necessarily translate into a bonanza for the card networks. The start of the COVID-19 pandemic depressed spending last year as […]

September 18, 2020

The University of Michigan said the preliminary reading of its U.S. consumer sentiment index in September was 78.9, up from 74.1 in the prior month. Economists polled by MarketWatch expected a reading of 75.9. The sentiment indicator covers how consumers […]

July 29, 2020

The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more. Economists polled by MarketWatch estimate gross domestic product — the official scorecard […]

May 28, 2020

The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit […]

May 26, 2020

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]

April 29, 2020

The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter since 2008 in a prelude to an even more massive decline in the spring. GDP, the official […]

April 17, 2020

Investors have taken some solace in signs that China is beginning to dig itself out of the economic hole created by the coronavirus pandemic as restrictions aimed at fighting the disease have been lifted in recent weeks. Analysts warn though […]

February 28, 2020

Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from […]

January 13, 2020

As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year. The crucial question is, can they? And the answer seems to be, quite clearly, yes. What’s […]

December 20, 2019

The numbers: The pace of growth in the U.S. economy was left at 2.1% in the third quarter, as strong consumer spending was offset by weaker business investment in inventories, in the final estimate from the Commerce Department on Friday. […]

July 26, 2019

U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about how much longer it can last. Personal consumption expenditures rose 4.3% in the second […]

July 16, 2019

Treasury yields jumped Tuesday after a key update of consumer spending showed U.S. households remained in bright shape, potentially undercutting expectations for the Federal Reserve to carry out rate-cuts this year. What are Treasurys doing? The 10-year Treasury note yield […]

April 27, 2018

The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably […]