Topic: Chris Christopher
Retail sales are up 0.5 percent, their biggest gain in three months – but consumer sentiment is at a three-decade low.
08/12/2011 02:31 pm
A new report from the Department of Commerce shows average US incomes rising, but with rapidly-climbing fuel and food prices, 'real' disposable income is down.
03/28/2011 03:08 pm
Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
12/29/2010 07:37 am
This year, day-after-Christmas sales are expected to be even more festive than usual. Fortuitous timing and Americans' renewed willingness to spend should cap the improved retail season.
12/24/2010 03:37 pm
The momentum doesn't mean the economy is running full steam ahead. But the recent reports, including on consumer spending, suggest that the economic recovery may be gaining traction.
12/23/2010 03:51 pm
The Consumer Confidence Index jumped to 54.1 in November. That's still well below prerecession levels, but the improved sentiment may have helped online sales on Cyber Monday.
11/30/2010 02:32 pm
Home sales are still below the rate of a year ago, as is the median price. Concerns persist that foreclosures and the slow economy threaten even lower values.
10/25/2010 04:18 pm
Data continue to point to a tepid economic recovery for the US rather than a dip into a second recession. The latest clue: Incomes were up for Americans in August, but only 0.5 percent.
10/01/2010 04:06 pm
The rise in consumer spending counters investor fears of a dip back into recession as the American consumer loosens up a bit.
08/30/2010 02:07 pm
The consumer pause in May came after seven months of gains in retail sales. There's some concern about a 'double dip' recession, but most forecasters see the economy recovering at a slow pace.
06/11/2010 03:25 pm