The Business Times

Consumer expenditire

International

US consumer spending falls unexpectedly in May

Households also spent less on services last quarter

Consumer spending, which accounts for more than two-thirds of economic activity, climbed 0.4 per cent after a revised 0.3 per cent decline in January.
International

US consumer spending rises in February; core inflation firmer

Business and consumer sentiment have deteriorated considerably, raising the risks of a recession

Consumption is being largely underpinned by low layoffs, with additional help from strong household balance sheets thanks to a stock market rally and high home prices.
International

US retail sales slightly above expectations in October

Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September

Britain’s longest-running consumer confidence measure rose to its highest in nearly three years last month as shoppers said their finances had improved and they were more willing to make big purchases.
International

UK retail sales rise 0.5% in July

Retail sales volumes in July were 1.4% higher than a year ago

The government cut its growth forecast for this fiscal year ending in March 2025 to 0.9 per cent due to weak consumer spending.
Banking & Finance

BOJ said to see weak consumer spending complicating rate call

BOJ officials are likely to wait until the last minute to finalise their decision after checking the latest data on markets and economic conditions

Barclays said spending on its credit and debit cards fell by 0.6 per cent in annual terms in June - the first drop since February 2021. It linked the fall to cool weather at the start of month.
International

Chilly June prompts UK consumers to cut back their spending

BRITISH consumer spending contracted in June, hurt by bad weather, according to surveys on Tuesday that added to recent signs of the country’s tepid economic growth that the new Labour government has ...

Many Japanese retirees are not only saving for the cost of their own care, but also for the cost of their parents’, who are still alive.
Opinion & Features

Baby boomers are loaded. Why are they so stingy?

The mystery matters for global economic growth

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