Consumer spending

Patrons wait in line keeping social distancing on the parking lot behind a Trader Joe's grocery store in Los Feliz neighborhood of Los Angeles on Thursday, March 26, 2020. As supermarkets remained one of the few retail businesses still open, a union representing more than 120,000 grocery store employees and 15,000 who work in drug stores started a petition drive for safer working conditions. (AP Photo/Damian Dovarganes)
1010 WINS Newsroom
March 27, 2020 - 9:51 am
WASHINGTON (AP) — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus. The Commerce Department reported Friday that spending edged up 0.2% in...
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In this Tuesday, March 10, 2020, security guards patrolling the quiet Wangfujing shopping, a usually popular tourist spot before the new coronavirus outbreak in Beijing. China's consumer spending and other business activity fell even more than expected in January and February due to its virus outbreak, adding to the ruling Communist Party's challenges as it tries to revive the world's second-largest economy. (AP Photo/Andy Wong)
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March 16, 2020 - 3:52 am
BEIJING (AP) — China’s consumer spending and factory activity fell more than expected in January and February as it fought a virus outbreak, prompting some forecasters to warn this year’s economic growth might slump to its lowest level since the 1970s. Retail sales fell 20.5% from a year ago after...
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FILE - In this Nov. 29, 2019, file photo Tim Simpson shops at a Kohl's store in Colma, Calif. On Friday, Feb. 28, 2020, the Commerce Department issues its January report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)
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February 28, 2020 - 8:54 am
WASHINGTON (AP) — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from 0.4% in December and...
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FILE - In this Dec. 9, 2019, file photo Melissa Rogan, left, and her daughter Renee, 9-months-old, browse the new Toys R Us store at a mall in Paramus, N.J. On Tuesday, Feb. 25, 2020, the Conference Board reports on U.S. consumer confidence for February. (AP Photo/Seth Wenig, File)
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February 25, 2020 - 11:10 am
WASHINGTON (AP) — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August. The Conference Board said Tuesday that its measure of consumer sentiment is up from a revised reading of 130.4 in January. The January reading was revised down...
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FILE - In this Feb. 17, 2020, file photo, commuters ride in a quiet subway train during the morning rush hour in Beijing. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak of a new coronavirus that began in Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. (AP Photo/Andy Wong, File)
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February 18, 2020 - 6:46 am
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year...
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FILE - In this May 10, 2019, file photo, a man walks in shade of a building as other people rest at a bench in Tokyo. The Japanese economy shrank at an annual pace of 6.3% in the October-December period, as growth got battered by typhoons and crimped consumer spending. The seasonally adjusted data released Monday, Feb. 17, 2020, by the Cabinet Office comes amid looming fears about the damage the regional economy is almost certain to suffer from the outbreak of a new virus that began in China late last year.(AP Photo/Eugene Hoshiko, File)
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February 16, 2020 - 9:47 pm
TOKYO (AP) — The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Monday by the Cabinet Office comes amid looming fears about the economic damage expected from the new...
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In this Jan. 9, 2020, photo Chevrolet Silverado pick-up trucks are lined up on the sales lot at the Betley Chevrolet dealership in Derry, N.H. On Friday, Jan. 31, the Commerce Department issues its December report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Charles Krupa)
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January 31, 2020 - 8:35 am
WASHINGTON (AP) — U.S. consumer spending slowed in December as Americans spent more on prescription drugs and health care services but those gains did not offset a sharp slowdown in spending on new cars. The Commerce Department said Friday that consumer spending rose a moderate 0.3% after a...
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In this Monday, Jan. 27, 2020 photo a passer-by walks near stoves, front, at a Home Depot store location, in Boston. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Steven Senne)
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January 28, 2020 - 10:35 am
WASHINGTON (AP) — U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference Board said Tuesday that its consumer confidence index rose to a reading of 131.6 this month, up from 128.2 in December. Lynn Franco, senior director of...
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FILE - In this Nov. 27, 2019, file photo Dan Villegas stocks items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Tuesday, Jan. 7, 2020, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for December. (AP Photo/John Locher, File)
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January 07, 2020 - 11:22 am
WASHINGTON (AP) — U.S. services companies grew more quickly in December than the previous month, a sign that the economy's steady expansion should continue. The Institute for Supply Management said Tuesday that its service-sector index rose to 55, from 53.9 in November. Any reading above 50 signals...
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FILE - In this Nov. 29, 2019, file photo shoppers carry bags as they cross a street in San Francisco. Black Friday kicks off the start of the holiday shopping season. On Friday, Dec. 20, the Commerce Department issues its November report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)
1010 WINS Newsroom
December 20, 2019 - 5:21 pm
WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain since August. The Commerce Department said Friday that consumer spending rose at a 0.4% annual rate last month, led by a jump in spending on durable...
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