Topic: U.S. Department of Commerce
US consumer spending rose for the sixth consecutive month in March, up 0.6 percent in line with expectations, figures released by the Commerce Department showed Monday.Seasonally adjusted figures showed spending, a key driver of the US economy, rose as Americans saved less. ...
Recession cut more deeply in '08 than earlier known; economy grew just 0.4 pct for full yearThe recession inflicted even more damage on the economy last year than the government had previously thought.The Commerce Department, in revisions issued Friday that date back ...
The Commerce Department is showing an enormous spike in personal savings as we continue with the deleveraging theme. The 6.9% savings rate we hit in May is actually a 50-year average for the US - if anything, we just reverted to the ...
US consumer spending rose modestly in May despite a surge in personal incomes boosted by massive government spending to kick-start the economy out of recession, official data showed Friday.The Commerce Department reported consumer spending rose for the first time in three months, ...
US home construction starts and permits saw a surprise jump in February from 50-year low levels in a positive sign for the moribund home market at the epicenter of global financial crisis.Housing starts -- or privately owned new homes on which construction ...
Consumer spending rose by a nine-month high of 0.4 percent in May, with $48 billion in federal tax rebate checks lifting personal income and savings, the Commerce Department reported this week.. Gains in wages and salaries, which grew by 0.3 percent, were ...
The long list of economic headwinds failed to push back U.S. consumers' spending in March as they opened their wallets for higher-priced food and energy and services.. The Commerce Department reported March personal consumption expenditures rose 0.4 percent, above the 0.3 increase ...
American consumers believe the United States is in recession and have growing concerns about the weakening economy, according to a monthly survey by Reuters and the University of Michigan that was released Friday morning. Another report released Friday morning by the U.S. ...
Higher wages in January were offset by rising prices, forcing consumers to dig deeper into their savings, the Commerce Department reported Friday.. With spending up, personal savings dropped to negative 0.1 percent, or $6.2 billion. Personal savings, reflecting disposable personal income minus ...
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