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US Consumer spending Page 1 " |
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UK inflation up to 4.4% in July
Add : 14:49:26 2008-08-18
View : 268 | Vote : 1 |
Tag : Business Economy UK inflation up US Consumer Prices Index
The UK's annual rate of inflation rose to 4.4% in July, its highest level since records began in 1997.
The 0.6% rise was also the biggest monthly change since records began and took the figure to more than twice the government's target.
The rise in the Consumer Prices Index (CPI) was more than expected, with food prices up a record 13.7% on the year.
Inflation as measured by the Retail Pr... |
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Car sales fall hits US spending
Add : 14:31:06 2008-08-18
View : 218 | Vote : 0 |
Tag : Business Economy Car sales fall hits US Consumer spending
Consumer spending in the US fell by 0.1% in July compared with June, driven down by a large drop in car sales.
Vehicle and parts sales fell 2.4%, their biggest monthly drop since April and down 10.5% on July 2007.
Rising food and fuel prices are squeezing consumer spending and cutting demand for expensive items such as cars, whose running costs have risen.
However, according to the govern... |
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Contraction in Japanese economy
Add : 14:27:54 2008-08-18
View : 211 | Vote : 0 |
Tag : Business Economy Contraction Japanese economy Japanese consumer confidence
The Japanese economy contracted by 0.6% between April and June, prompting fears that it is sliding towards recession.
Declining exports and consumer demand were behind the fall - the first for more than a year - which came after a rise of 0.8% in the previous quarter.
With consumer confidence at record lows, private consumption, which accounts for half of GDP, fell by 0.5%.
Some economist... |
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