American households cut spending by 1% last month as cold weather hit much of the country, but they are poised to resume shopping as the pandemic slows and a new round of …
Read More »Household spending in the US fell 1% in February
Boost in Household Income Drives the US Economy for Stronger Growth
American household income increased 10% in January as the government delivered stimulus payments to households and consumer spending increased 2.4%, setting the economy for a burst of growth this year . The …
Read More »The next president can achieve a flexible economic reform
In this file photo taken on August 4, 2020, a restaurant displays a “Now Hearing” sign amid a coronavirus epidemic in Arlington, Virginia. Olivier Doulary / Agence France-Presse / Getty Images While …
Read More »US retail spending raised strongly in September
US retail sales rose for the fifth consecutive month in September, as consumers prepared for months to spend on vehicles, sporting goods and home-improvement stores to work from home and study. A …
Read More »US auto sales signs of recovery in third quarter
GM of General Motors Company 2.72% US sales fell for the third quarter, but showed signs of strengthening as the US auto industry continued to recover from a coronovirus-related lockdown that brought …
Read More »US consumer spending rose in August, but currency challenge for economic recovery
US consumer spending rose 1.0% in August, while income declined, presenting a new obstacle to economic recovery. The Commerce Department said personal income fell 2.7% in August from a month earlier. Declining …
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