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Consumer Spending | Bank REO Real Estate
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U.S. Consumer Spending Increases 0.5%

March 2, 2010 by · Leave a Comment
Filed under: Economic News 

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This is a sign people are feeling a little bit more confident.  Not only did consumer spending rise, but the savings rate when down at the same time.  Overall we need to increasing savings and investments  in the United States and get our federal and state budgets in order.  Too long we have relied on borrowed money and consumer spending to fund our GDP.  Regardless, this news is a good sign and if we see jobs started to be created then we will be going in the right direction again.

Wall St. Journal – Americans spent more in January than expected but growth of their income was weak, while a gauge of inflationary pressure within the slowly recovering economy rose at a slower rate.Separately, the expansion at U.S. manufacturing firms softened in February but remained very broad based, according to the Institute of Supply Management’s survey released Monday.

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U.S. consumer spending drops by 0.7% in July, confidence rises

August 29, 2008 by · Leave a Comment
Filed under: Economic News 

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With the stimulus check finally spent out, it shows the weakness in the U.S. consumer and their ability to continue to spend with rising energy and food prices.  I believe the confidence rise is due to the optimisum on the election in November.  Hopefully one of the candidates with have the “sliver bullet” the citizens are looking for.

Release:

U.S. personal income tumbled unexpectedly in July and inflation-adjusted spending shrank as government economic stimulus waned, but consumer spirits rose this month, a hint the economy may muddle through its woes.

Personal income fell 0.7 percent in July, the sharpest decline since a 2.3 percent plunge in August 2005, when Hurricane Katrina hit, the Commerce Department said on Friday. Analysts were expecting income to hold steady.

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