consumer spending

Retail sales were stronger than initially reported in April and strong again in May, indicating better economic growth.

Taking mom out to eat on Mother’s Day is a well-established tradition in the United States. Now an analysis of Bank of America data about debit card users shows that Generation X will be spending the most taking her out for a meal next weekend.

Consumer spending data points to a strengthening economy. Wages rose for the third month in a row. Inflation stayed tame.

As the stock market slumped and the government headed into a shutdown, American consumers pulled back on spending in December.

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.

Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.

A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.

Israel‘s economy grew an annualized 4.5 percent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of Statistics said in a second estimate.