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Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from September to ...
Consumer spending grew at a 4.2% pace, fastest since January-March 2023 and up from 3.7% in July-September last year. But business investment tumbled as investment in equipment plunged after two ...
November 16, 2023 at 12:03 PM Goldman Sachs chief economist Jan Hatzius admits Americans' excess savings are "clearly" lower now than they were a year ago. But that doesn't mean consumer spending ...
That income growth brought along increasing consumer purchasing power. In 2023, the median American worker can afford the same goods and services they did in 2019 — and still would have $1,000 left.
Credit card balances grew 10% to $6,501 in the 12 months from Q3 2022 to Q3 2023, as higher interest rates sharply increased in 2023. Consumers were by and large still able to service those ...
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, accelerated 0.7% last month after an unrevised 0.4% rise in August, the Commerce Department's Bureau of ...
August 11, 2023 at 8:25 AM The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics.
According to the USDA, the food at home index (groceries) rose 10.2% over the last 12 months.... Grocery Shopping 2023: What Products Are Consumers Spending More Money on This Year? Skip to main ...
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related to: current consumer spending 2023 by month update on today show full october 21