Consumer spending unexpectedly stagnated in May as employment prospects dimmed and rising inflation caused Americans to cut back.
BusinessWeek.com — Finance
Consumer spending probably climbed at the slowest pace in almost a year and manufacturing cooled as dimmer job prospects and elevated commodity costs weighed on the U.S. expansion, economists said reports this week will show.
BusinessWeek.com — Finance
Consumers are ‘trading down’ to MacDonald’s and Wal-Mart as higher prices and unemployment sap confidence and budgets
BusinessWeek.com — Finance
At the Haiyang Zhuangshi Co. hardware store in Beijing, sales of paint and aluminum window frames are slowing, one sign of a diminished role for consumer spending in China that’s foiling government objectives.
BusinessWeek.com — Finance
Canada’s first-quarter economic growth accelerated to the fastest pace in a year, as outlays by businesses increased while consumer and government spending stalled.
BusinessWeek.com — Finance
Consumer spending probably cooled in April as higher food and fuel prices forced Americans to cut back on other items, economists said a government report this week will show.
BusinessWeek.com — Finance
Australia’s government will end 23 years of spending growth to ease inflation from a mining boom and support the return to a budget surplus, even as it plans measures to help companies hurt by a record-high currency.
BusinessWeek.com — Finance
May 6 (Bloomberg) — Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg)
BusinessWeek.com — Finance
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