US consumer spending soars by 0.6% in September, led by auto ...
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American consumers, who substantially slowed down their spending in late summer, roared back to life in September, boosting their purchases by 0.6 per cent.
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Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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Ford Motor Co. said on Tuesday that retail sales of its vehicles rose 6 percent in September, while sales to commercial fleets rose 4 percent.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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U.S. consumer spending slipped in   August but falling gasoline prices elevated shoppers' moods by   September and Midwest factory activity picked up as well,   according to reports on Friday that suggested the economy was   still motoring along.
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Robust consumer spending on cars, furniture and food helped the US economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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US consumer prices surged 0.6 percent in October, with higher energy costs fuelling fears of renewed inflation.
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Auto sales soared 10% in September, led by a 25% surge at General Motors and increases for Chrysler and Toyota. GM had its biggest gain in two years after boosting rebates.
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US consumer spending rebounded in July, a sign the economy may be emerging from an early summer decline. Consumer spending rose 0.8% last month, boosted by car and retail sales.
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US consumer spending rose in October as a surge in hiring led to the biggest rise in incomes in five months, a government report showed.
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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Industrial output in the US rose for a 16th straight month in September,  ahead of analysts' forecasts.
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US consumer spending climbed 0.6 percent as expected in September and inflation remained benign, government data showed on Monday, as shoppers splashed out after showing restraint the previous month.
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US consumers boosted spending only slightly in November, compared with a brisk rise in October, according to a Commerce Department report.
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Rising energy costs drove up US consumer prices a larger-than-expected 0.6 percent in October, while industrial output and housing starts rebounded strongly from the prior month.
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Shoppers rediscovered their urge to splurge in September, catapulting retail sales up by the largest percentage gain in six months. Industrial activity was restrained, meanwhile, partly because of hurricanes.
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The average price U.S. consumers paid for gasoline jumped 6.1 cents over the last week to the highest level since early August, the government said on Monday, reflecting record crude oil prices.