This year's back - to -
back increases in consumer spending, coupled with numerous reports showing robust consumer confidence in April and May, had prompted many economists to marvel at consumers» resilience in the face of so much economic uncertainty.
According to the Federal Reserve's latest report on consumer credit, credit card debt fell for the second consecutive month in February, despite
modest increases in consumer spending during the same period.
This year's back - to -
back increases in consumer spending, coupled with numerous reports showing robust consumer confidence in April and May, had prompted many economists to marvel at consumers» resilience in the face of so much economic uncertainty.
Such steps, and
an increase in consumer spending, have helped drive up sales and profits by double - digit percentages in the past year.
The harsh winter weather and port delays that damped growth at the start of the year have given way to
increases in consumer spending and housing, bolstering Federal Reserve projections that the setback was temporary.
A 2012 report by the Canadian Association of Accredited Mortgage Professionals estimated that between 2007 and 2011, the rise in home values was responsible for an extra $ 17 billion in economic activity in Canada, driven by
an increase in consumer spending.
This usually corresponds to
an increase in consumer spending.
Strong export growth has continued, but there has also been a pick - up in domestic demand in a number of economies in the region, reflecting
increases in both consumer spending and, in a few cases, investment (Graph 4).
Also
an increase in consumer spending on energy drinks and prevalent health awareness trends will drive growth.
Using loan level data matched to consumer credit records, researchers have been able to determine that a reduction in mortgage payments of as little as $ 150 a month spurred a reduction in mortgage defaults and
an increase in consumer spending (particularly the financing of automobile purchases), while improving household credit ratings.
Fed: Card balances fell in June — Credit card balances were down in June, pulling back from a strong upward surge the month before, despite
an increase in consumer spending... (See G. 19)
Describing the «wealth effect» as
the increase in consumer spending resulting from a rise in asset values, the team further stated, «Although Japanese investors» unrealized gains are unlikely to feed straight through to their patterns of consumption, it is common knowledge that personal consumption is bolstered as a result of increases in the value of asset holdings.»
The published data may attest to
an increase in consumer spending and could lead to a growth in inflation.
Although Yun said economic growth in the first quarter was «a huge disappointment» at 0.7 percent (first estimate), he anticipates that
an increase in consumer spending and more homebuilding should provide enough fuel for gross domestic product to finish slightly higher, at 2.2 percent, than a year ago (1.6 percent).
Louis and Ryan discuss whether it's a good time to buy a home, whether the U.S. economy should be driven by the housing market, whether
the increase in consumer spending bodes well for the housing market and whether a home is a consumer item (3:00)