(WASHINGTON) — Americans increased their spending more slowly in March, raising questions that consumers could be worried about the economy. The Commerce Department says consumer spending increased just 0.3 percent in March after a 0.9 percent gain in February. Income grew 0.4 percent following a 0.3 percent gain in February.
NEW DELHI/MUMBAI: Sales of consumer goods have slowed the most in about a decade, suggesting that Indians are making cuts in spending — especially on discretionary products — amid high inflation and a sluggish economy. Most company bosses expect things to get better soon, but a bad monsoon looms as a threat over rural consumption. The overall consumer products market slowed to 7.5 per cent in the year to March from 10.6 per cent in the previous year, according to Nielsen data.
US consumer spending growth slowed in March after a strong February, even as personal income growth picked up pace, government data showed Monday.Consumer spending, which accounts for about 70 percent of US economic activity, rose 0.3 percent in March, the Commerce Department reported.That undershot the average analyst estimate of a 0.5 percent rise.Excluding food and energy, spending rose 0.2 percent.
US consumer spending slowed in March even as Americans saw a slight rise in income, official data showed Friday.Spending rose a seasonally adjusted 0.6 percent after an upwardly revised rise of 0.9 percent in February, the Commerce Department said.The increase was slightly better than the average analyst estimate of 0.5 percent increase in consumer spending, a key driver of the US economy.
WASHINGTON: The Federal Reserve says steady consumer spending and an improving housing market spurred modest U.S. economic growth in the late summer, though factory output was sluggish in part because of the strong dollar. The Fed said Wednesday in its latest snapshot of the economy that nine of its 12 regional banks reported that growth was moderate or modest from mid-August through the beginning of October. Two banks said economic activity increased while the Kansas City Fed said the economy slowed slightly. The Fed's report echoes other recent data that suggests the U.S.