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Tag Archives: Consumer spending

Consumer Spending Indicator Drops in October

Deloitte's Consumer Spending Index, a gauge of cash flow as a measure of future spending, came in at 4.1 in the firm's October reading, down from 4.4 in September. The biggest contribution to October's decline was new home prices, which fell 9.8 percent month-over-month to a median $109,000.

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Consumer Sentiment Rises to Seven-Year High

The Thomson Reuters/University of Michigan Index of Consumer Sentiment climbed to 86.9 in its final October reading, up from 84.6 in September and 73.2 last year. October's index was the highest since July 2007, the group conducting the survey reported.

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GDP Growth Slows in Q3, Still Tops Forecasts

Gross domestic product (GDP) in the United States increased at an annualized rate of 3.5 percent last quarter, according to an advance estimate from the Bureau of Economic Analysis (BEA). Economists surveyed by Econoday anticipated a growth rate of 3.0 percent. The GDP report comes a day after the Federal Reserve announced plans to close down its stimulative bond-buying program, signaling increased confidence in the economy's progression.

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Consumer Confidence Rebounds in October

The Conference Board's Consumer Confidence Index, which fell to a revised reading of 89 in September, surged back up to 94.5 in the group's latest report. The recovery came mostly from a spike in the consumer expectations component, which jumped nearly nine points to 95, the Conference Board reported. The Present Situation Index, meanwhile, edged up to 93.7 from 93 in September.

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Despite Financial Security, More Americans Cutting Spending

In survey findings released Tuesday, Bankrate.com reported that two-thirds of American consumers are now limiting how much they spend each month. Of those who have had to draw their purse strings tighter, 32 percent cited stagnant income as the main reason, while 29 percent said they need to save more. Sixteen percent cited worries about the economy in general.

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Consumer Spending Measure Improves in September

Deloitte released Thursday the results of its latest monthly Consumer Spending Index, which climbed in September to 4.21 from an August reading of 4.11. The index tracks consumer cash flow through a handful of measures—tax burden, initial unemployment claims, real wages, and new home prices—as an indicator of future consumer spending.

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Personal Income, Spending Pick Up Steam in August

The Bureau of Economic Analysis (BEA) reported Monday that personal consumption expenditures increased $57.5 billion—0.5 percent—month-over-month in August. The increase in spending followed a meager revised increase of less than 0.1 percent for July. Spending was helped by a 0.3 percent pickup in personal income, totaling an increase of $47.3 billion.

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Consumer Sentiment Lifts in Final August Reading

After a poor reading earlier in the month, consumer sentiment in August recovered more than expected, despite concerns about the economy's future direction. The University of Michigan/Thomson Reuters Index of Consumer Sentiment climbed to 82.5 in the final August reading, slightly better than July's final value of 81.8 but a sharp upturn from a mid-month reading of 79.2.

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