Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Aug. 1.
August 1, 2017Business
Consumer Goods, Housing Stable, Expected to Expand in Economy, Analysts Predict at Seminar
The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.
July 20, 2017GovernmentBusiness
Second Straight Drop in Retail Sales Shows Tepid Spending
Retail sales unexpectedly dropped for a second month in June, signaling consumers are providing only modest support for the U.S. economy, Commerce Department data showed July 14.
July 14, 2017Business
Tepid Consumer Spending Keeps Economic Rebound On Track
The tepid pace of U.S. consumer spending in May was nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gains.
June 30, 2017