HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Consumer Spending in U.S....

Fri May 31, 2013, 09:00 AM

Consumer Spending in U.S. Unexpectedly Declined in April


(Bloomberg) Consumer spending in the U.S. unexpectedly declined in April as incomes stagnated, putting the biggest part of the U.S. economy on shaky ground at the start of the second quarter.

Household purchases, which account for about 70 percent of the economy, dropped 0.2 percent, after a 0.1 percent rise the prior month that was smaller than previously estimated, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg survey of 79 economists called for no change. Incomes (PITLCHNG) were unchanged and prices dropped by the most in more than four years.

The data underscore the risk to the economy from the federal budget cuts that began in March and a higher payroll tax since the start of 2013. At the same time, the housing rebound, stock market gains and cheaper fuel costs are helping underpin household finances and confidence, which will help prevent an extended pullback. .................(more)

The complete piece is at: http://www.bloomberg.com/news/2013-05-31/consumer-spending-in-u-s-unexpectedly-falls-as-incomes-stagnate.html



18 replies, 1995 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 18 replies Author Time Post
Reply Consumer Spending in U.S. Unexpectedly Declined in April (Original post)
marmar May 2013 OP
KG May 2013 #1
Egalitarian Thug May 2013 #5
Puzzledtraveller May 2013 #11
xchrom May 2013 #2
kelliekat44 May 2013 #3
HiPointDem May 2013 #4
Puzzledtraveller May 2013 #12
HiPointDem May 2013 #13
Renew Deal May 2013 #6
HiPointDem May 2013 #8
Renew Deal May 2013 #9
HiPointDem May 2013 #10
djean111 May 2013 #7
Zorra May 2013 #14
Bonhomme Richard May 2013 #15
adieu May 2013 #16
tavalon Jun 2013 #17
SoCalDem Jun 2013 #18

Response to marmar (Original post)

Fri May 31, 2013, 09:06 AM

1. 'Unexpectedly?'

Reply to this post

Back to top Alert abuse Link here Permalink


Response to KG (Reply #1)

Fri May 31, 2013, 09:10 AM

5. +1

 



Bloomberg

Reply to this post

Back to top Alert abuse Link here Permalink


Response to KG (Reply #1)

Fri May 31, 2013, 09:33 AM

11. Let me join you

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:06 AM

2. du rec.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:08 AM

3. Yeah! How's that "austerity thingy" working for you now?

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:09 AM

4. oh my what a surprise who could have forseen

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HiPointDem (Reply #4)

Fri May 31, 2013, 09:34 AM

12. as if my chronically empty wallet and bank account didn't tell me this already

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Puzzledtraveller (Reply #12)

Fri May 31, 2013, 09:35 AM

13. the ptb are always surprising us

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:17 AM

6. The weather was kind of crappy

And too cold for spring cleaning/gardening.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Renew Deal (Reply #6)

Fri May 31, 2013, 09:23 AM

8. and everyone was sick. so they didn't shop as much

 

also there was some good stuff on tv

and that ufo landing

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HiPointDem (Reply #8)

Fri May 31, 2013, 09:26 AM

9. Good point

There were a lot of contributing factors.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Renew Deal (Reply #9)

Fri May 31, 2013, 09:27 AM

10. yes. we must be scientific about it. else someone might try to operate.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:22 AM

7. Well, duh.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 09:37 AM

14. Where are the Consumers from? Consumeria? Consumerstan?

Maybe their currency has little value in our country, so they need to save it.

It's the same with us American human beings here in America.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 10:56 AM

15. Not unexpected by me. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri May 31, 2013, 11:01 AM

16. Not unexpected at all

 

sequestration can go so long before the millions furloughed or laid off entirely can't pay for discretionary expenses. That and the summer movies are all pretty sucky.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Sat Jun 1, 2013, 06:15 AM

17. Well, I went onshort term disability

so I stopped spending. Gotta save for my kiddo's new apartment. Going back to work on Monday, though. Still, I was rarely counted since I use the recycle, reuse motto. If I can't find it at my local thrift stores, do I really need it. I don't think so.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Sat Jun 1, 2013, 06:44 AM

18. April is always a reality check month

People who have to pay to the IRS, spend less that month because they wait until as close to the deadline as possible... (we had to write a check for close to 2K)

for people who charge their Xmas, those bills are still coming in regular as clockwork

we had really bad weather for a LOT of places pretty much all of April..people hunker-in-place when that happens

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread