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The so-called real consumer spending also increased 0.5% in February. March's strong gain put consumer spending on a higher growth path heading into the second quarter.
The slight bump in inflation came as consumer spending rose 0.8 percent in March — 0.5 percent when adjusted for inflation — for the second consecutive month. Disposable incomes also rose by 0 ...
In the first three months of this year, consumer spending stayed strong even as growth slowed, ... In March, prices rose 3.5% compared with a year ago, up from 3.2% in the previous month. Federal ...
Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% ...
Economists had expected a 0.4% increase in spending, according to Bloomberg data. Meanwhile retail sales in February were revised up to an increase of 0.9%, from a prior reading of 0.6%.
Consumer spending. Consumer spending is the total money spent on final goods and services by individuals and households. [1] There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not).
Retail spending has increased in seven of the past 10 months through March. In that period, spending has been a mixed bag, boosted by purchases of high-ticket items such as cars, robust online ...
The Conference Board's Consumer Confidence Index for March came in at a reading of 104.7, little changed from a revised 104.8 in February but short of the 107 reading expected by economists.