Tags » Consumer Spending

U.S. second quarter economic "growth" revised downward -- Gross domestic product expanded at a 1.1 percent annual rate

By Reuters
August 26, 2016

WASHINGTON, (Reuters) – U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. 553 more words

Significant surge in contactless card usage

Contactless card usage reached record levels in the first half of this year, with consumers spending over £9 billion using this method of payment.

Data from the UK Cards Association revealed that more contactless card payments were made in the first six months of 2016 than in all of 2015: 1.1 billion contactless transactions were carried out during the first half of this year, compared with 1.05 billion in the whole of last year. 95 more words

US Consumer Spending & Labour Market

Markets have been range-bound for some time and here’s the time where I get some capacity to deep dive into some of the more fundamental side of macro markets. 211 more words

22 Aug 2016 (AFR) - Politics a drag on spending, CBA survey finds

(22 August 2016, AFR, p8, by Lucille Keen)

‘Spending growth across the economy is the lowest in four years, dragged down by political uncertainty. According to the Commonwealth Bank of Australia’s Business Sales Indicator, to be released on Monday, weakness in the business services and government sector meant economy-wide spending was flat for the fifth straight month in July. 44 more words

1.Market Observations

Saskatchewan shoppers tops with 2.1% retail sales increase in June

Saskatchewan posted the largest monthly gain in retail sales among the provinces in June, with a 2.1 per cent increase, led by stronger sales at motor vehicle and parts dealers, Statistics Canada reported Friday. 474 more words