Tag Archives: spending

Shoppers are propping up the economy. What if they stop spending?

1. Negative feedback loop: The American shopper — the MVP of the national, if not the global, economy — is suddenly showing signs of fatigue. Core retail sales plummeted 1.7% in December, the most in nearly two decades. Blame the December stock market chaos. Or the beginning of the government shutdown. Or even “glitches” in the data, as White House economic ... Read More »

U.S. first quarter economic growth revised up on jump in consumer spending

The U.S. economy slowed less than feared in the first quarter due largely to a jump in consumer spending, providing a slightly more encouraging outlook for growth this year. Gross domestic product increased at a 1.4 percent annual rate instead of the 1.2 percent reported last month, the Commerce Department said in its final assessment for the period on Thursday. ... Read More »

U.S. business spending picking up, but may slow in second quarter

Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, ... Read More »

IMF urges more spending to boost growth

The International Monetary Fund’s steering committee has urged member countries to boost “growth-friendly” spending to help deal with slowing global growth. The IMF managing director, Christine Lagarde, said that calmer markets since February had reduced the stress level at the IMF and World Bank spring meetings, but the outlook was still fraught with downside risks from weak demand, a potential ... Read More »