Content about Consumer spending

August 8, 2011

Consumer spending for June dropped 0.2% to $21.9 billion, the Commerce Department announced Tuesday. 

The drop in consumer spending marked the first decline seen since September 2009.

Meanwhile, personal income was virtually flat, increasing 0.1% to $18.7 billion for the month, which was in line with estimates.

January 31, 2011

Figures released by the U.S. Commerce Department on Jan. 31 showed a 7% increase in consumer spending in December 2010, compared with the previous month. This continues an upward trend: Personal expenditures also rose in November 2010 by 4%.

Personal income increased 4% for the second straight month in a row, according to the Bureau of Economic Analysis.

May 4, 2008

Ace Hardware officially closed the boo k on 2007 last month when the Oak Brook,...