Consumer Spending, Third Quarter | featured news

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U.S. consumers boost growth despite business caution

Consumer Spending

U.S. economic growth picked up in the third quarter as a late burst in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.

 

Retail sales point to stronger third-quarter consumer spending

Retail Sales

U.S. retail sales rose in September as Americans bought more cars and gasoline, while a gauge of consumer spending pointed to stronger-than-expected economic growth in the third quarter.

 

Consumer spending posts biggest rise in five months

U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth would pick up this quarter. Other data on Thursday showed the number of Americans filing new claims for jobless benefits held steady last week.

 

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