Consumer spending was — once again — key to GDP growth last quarter
Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.
U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.
US economic growth slows despite consumers spending more
Economic growth in the US slowed at the end of last year, as trade and investment declined and the country was hit by hurricanes and labour strikes. The economy expanded at an annual rate of 2.3% between October and December, down from 3.1% in the three months before, according to the US Commerce Department.
U.S. economic growth slowed to 2.3 percent in late 2024
The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year, as businesses pulled back on investments and exported fewer goods overseas. Fresh government data this morning from the Bureau of Economic Analysis shows that the economy expanded at an annual rate of 2.
U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
Consumer spending fueled growth, despite ongoing fears about inflation.
US economy grew at 2.3% rate in fourth quarter
The US economy grew at an annualised rate of 2.3 per cent in the fourth quarter, a weaker than expected end to a year dominated by the resilience of American consumers. Thursdays
Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive
The year-end splurge drove a 4.2% advance in consumer spending in the fourth quarter — the biggest gain in almost two years.
US inflation rises in December; consumer spending accelerates
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
Marketplace16h
GDP shows spenders keep spending despite high interest rates
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by ...
The good and not so good in consumer spending
Consumer spending is the locomotive of the U.S. economy and finished out 2024 on a hot streak. The increase in purchases in the fourth quarter was the strongest in almost two years. Lots of the ...
FoodNavigator2d
From conscience to cost: 5 Key factors shaping consumer spending
Top five factors influencing consumer spending - sustainability, ultra-processed foods (UPF), habits, trends, affordability.
Mastercard's Profit Jumps on Resilient Consumer Spending
(Reuters) - Mastercard reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ...
Solid French consumer spending eases impact of post-Olympics economic pullback
France's economy retreated slightly in the fourth quarter as the Paris 2024 Olympic Games effect waned, statistics agency ...
US prices increases in December amid accelerating consumer spending
The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June ...
US consumer confidence dips again to start the year, according to business group
U.S. consumer confidence dipped for the second consecutive month in January. The Conference Board said Tuesday that its ...
PlayStation LifeStyle20h
PlayStation Behind 64% of Spending on Microsoft Games Last Month
According to data firm Ampere, PlayStation is responsible for 64% of consumer spending on Microsoft titles in December 2024.