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With the partial shutdown of the U.S. government and the prospect the U.S. will default on its financial obligations, consumers don’t feel that good about the future, at least economically speaking, but they could also be doing a whole lot worse.
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Following a string of at least slightly encouraging economic reports, two new economic reports are disappointing. U.S. consumer confidence fell this month to a five-month low, while personal spending in August increased for the fourth consecutive month.
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Americans aren’t feeling quite as good about the state of the economy this month as they were in August, but they are still optimistic.
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UPDATED--Retail sales increased less than expected during August compared to the month before, but are up significantly compared to a year ago, driven primarily by auto sales.
Read More →While American’s are split on how President Obama is handling the economy, the latest numbers out show things are decidedly on the upswing, with increasing consumer confidence, rising home prices and steady job gains.
Read More →Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.
Read More →The first look by the federal government at orders and shipments of manufactured durable goods in May shows conditions continue improving. More good news came from the housing sector and in consumer confidence.
Read More →While not all the recent numbers that measure the health of the U.S. economy are glowing, they are not as bad, and in some cases much better, than analysts were expecting during this second quarter.
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Consumers pulled back on their spending in April -- dropping 0.2% from a downwardly revised 0.1% increase in March -- but still have good confidence in the American economy, according to separate reports.
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Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
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