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Consumer Spending, Economy
US Economy Posts Solid 2.8 Percent Growth in Q3, Consumer Spending Leads
The U.S. economy grew at an annualized 2.8 percent pace in the third quarter, driven by strong consumer spending and rising exports, according to revised data released by the Commerce Department. Though slightly slower than the previous quarter's 3 percent growth, the report highlights the economy's gradual fight against inflationary pressures.
US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.
US GDP Grows at Solid 2.8% Pace, Helped by Consumer Spending
The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending as inflation continued to cool.
Consumer spending is still robust, even as broader concerns about the economy swirl
The Commerce Department released its latest consumer spending report Friday, showing gains in auto sales, electronics, and restaurants and bars.
US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
US economy grows at 2.8% pace in Q3 on consumer spending
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.
15h
on MSN
Consumer spending climbs ahead of holidays. Households far from tapped out.
Consumer spending rose at a healthy pace in October and fueled a U.S. economic expansion that shows no sign of slowing in the ...
13h
on MSN
US consumer spending rises solidly, inflation appears stuck above Fed target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...
11h
Holiday consumer spending is up from 2023
ABC News’ Becky Worley has the latest consumer spending data and when to expect the best shopping deals this holiday season.
13h
on MSN
US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
Harvard Business Review
1d
Research: How “Buy Now, Pay Later” Is Changing Consumer Spending
As “Buy Now, Pay Later” (BNPL) rapidly gains popularity, many retailers wonder about what this means for their bottom line.
5d
Wall St Week Ahead Black Friday puts consumer spending in market's glare with stocks near records
The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a ...
Arabian Business
15h
UAE consumer spending hit $3.7bn in Q3 as shoppers move online and seek quick commerce
UAE consumers maintained robust spending patterns during the third quarter of 2024, collectively investing $3.7bn in ...
1d
US Consumer Confidence Improves as Less Americans Anticipate a Recession
According to the Conference Board's latest report, US consumer confidence improves as less Americans anticipate a recession.
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Related topics
Black Friday
United States
inflation
Federal Reserve System
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