Tag Archives: consumer spending

Consumer Spending Falters as Economic Momentum Wanes; Retail Sales Remain Well Ahead of Last Year

July 18, 2012 Consumers’ contribution to economic growth shows signs of slowing as retail sales dipped for the third consecutive month, a surprising trend that has not occurred in nearly four years. Core retail sales remain at healthy levels, 8 percent higher than their pre-recession peak, but the pattern of monthly declines implies a growing […]

Retail Sales Edge Lower as Eurozone Recession Takes Toll, Falling Gas Prices Offer Upside Potential

June 18, 2012 Falling gas prices and a contraction in building materials sales accounted for the majority of the decline in May’s retail sales. Viewed together with downward revisions to April sales and the lull in other retail segments, the results point to  weaker spending concurrent with decelerating business investment. The details underlying tepid first-quarter […]