WASHINGTON (Reuters) - Consumer spending was flat in May for the first time in five months as Americans eased off on vehicle purchases amid tepid wage growth, but subsiding inflation pressures should keep demand supported.
Topics: 2012 auto sales consumer spending inflation may wages
RELATED ARTICLES
- Most popular baby names for 2012
Top baby names for boys and girls in 2012. More - King, Messiah: New baby names suggest high hopes
Talk about high expectations for a newborn: King and Messiah are among the fastest-rising baby names for American boys. They're just a little behind Major, the boy's name that jumped the most spots on the Social Security Administration's annual list of popular baby names. More - U.S. economy grows at 2.5% rate in 1st quarter
U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year. More - Ford, Chrysler US sales up in March
March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since the start of the Great Recession in December of 2007. More - Consumer data support sturdy first-quarter growth picture
Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall in late 2012. More
BING NEWS:
- Pop Stars, Fast Cars Drive October Spending Boost
Spending by renters continues to be the weakest sector by home ownership status, rising by just 1.8 per cent in the year to date, compared to those with a mortgage (+3.4 per cent) and those who own ...
11/11/2024 - 8:18 pm | View Link - Japan’s household cut spending once again as prices rise
JAPAN’S households cut spending for a second month as inflation continues to deter consumption, backing the case for the Bank of Japan (BOJ) to take a cautious approach to rate hikes. Read more at The ...
11/7/2024 - 12:49 pm | View Link - Philippine Q3 growth slows to its weakest in more than a year
The Philippine economy grew in the third quarter at its slowest annual pace in more than a year as severe weather disrupted government spending and dampened farm output, to strengthen the case for ...
11/6/2024 - 8:17 pm | View Link - Philippine third-quarter growth slows to its weakest in more than a year
MANILA (Reuters) - The Philippine economy grew in the third quarter at its slowest annual pace in more than a year as severe weather disrupted government spending and dampened farm output, to ...
11/6/2024 - 6:52 pm | View Link - Brazil Looks at Curbing Health, Education Spending in Fiscal Package, Sources Say
Currently, health spending is required to be at least 15% of net current revenue, while education spending must be at least 18% of net tax revenue. As government revenue rises, those spending ...
11/5/2024 - 10:31 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more