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Tag Archives: U.S. Commerce Department

Consumer spending up, while saving drops

(Jan. 29, 2018) -- Americans increased their spending 0.4 percent in December, a solid pace but slower than the big spending burst seen in November, while their saving rate fell to a more-than decade low, reported ABC News. Read More »

U.S. retail sales drop in June

(July 14, 2017) -- The Commerce Department said retail sales fell 0.2 percent last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets. Americans also cut back on spending at restaurants and bars, as well as on hobbies. Read More »