Consumer spending hits six year high in December

The numbers: Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. Economists polled by MarketWatch had forecast a 0.5% increase.

Daily spending average climbs $10 from April. WASHINGTON, D.C. — Americans’ reports of daily spending spiked in May, averaging a six-year high of $98 — $10 higher than the April average. This is also up from May 2013 ($90), and is the best figure for the month of May since 2008. These figures are based on Americans’ self-reports.

August to Become Highest Consumer Spending Month Ever As Retail Sales Hit Highest Level Since December 2016. edging out the previous high set in December 2018 by. was set last year. Average.

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Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. Incomes rose 0.4% in December and advanced 3.1% for the full year. But the gain was a much smaller 1.2% if inflation is taken into account – the lowest reading since 2010.

Consumer confidence hit an 18-year high point earlier this year. According to the Conference Board, the consumer confidence index jumped to a reading of 138.4 in September, up from 134.7 in August.

New York foreclosure courts face seven-year backlog: RealtyTrac 4 quick reactions to FHFA mortgage insurer liquidity plan The federal housing finance Agency today issued its final 2018-2022 strategic plan for its oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks that stresses ensuring safety and soundness at the regulated entities; promoting liquidity, stability and access in the housing market; and managing the Fannie and Freddie conservatorships.The number of U.S. homes set on the path to foreclosure slid to a seven-year low in the third quarter, reflecting a gradually improving housing market and fewer homeowners falling behind on.

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Consumer spending hits 6-year high – as Americans cut savings to 12-year low MarketWatchGold! Treasure lost at sea in 1857 shipwreck goes on display Seattle TimesUS Spending Rises in December; Saving Rate Lowest Since 2005 — Update Fox BusinessFull coverage from via prices hall

Consumer spending hits eight-year high in September, but here’s why it can’t last. The numbers: Consumer spending leaped 1% in September, the biggest gain since early mid-2009, just as the current economic recovery got underway. Economists polled by MarketWatch had forecast a 0.9% increase due to hurricane-related spending. Personal income rose 0.4%. The savings rate fell to 3.1%, the lowest level since December 2007.

Consumer spending rose sharply in December, the most in eight years, according to figures released by the U.S. Commerce Department. VIDEO

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Holiday shopping season a win for retailers December rounded off the worst year for consumer spending across the UK since 2012, data by Visa has revealed.. growth hits six-year high. lower expenditure on an annual basis in December.

The decline in spending on goods suggests higher tax rates that kicked in on Jan. 1 may have made consumers more cautious. The Commerce Department said Friday that consumer. 6.4 percent in December.