Consumer spending jumped 0.8% in July, aided by the biggest-selling Amazon Prime Day ever. 'Barbenheimer' and Taylor Swift also lent a hand.
The numbers: Consumer spending jumped 0.8% in July to mark the biggest gain in six months, aided by the biggest-selling Amazon Prime Day ever. The “Barbenheimer” movie blockbusters and massive Taylor Swift concert tour also lent a hand.Incomes rose 0.2% in July, the government said Thursday.
Yet while spending remained fairly strong during the summer, there are signs it’s may be starting to flag. Retailers have posted particularly tepid results in the latest quarter, for instance. They’ve shifted their spending in particular to services such as recreation and travel while devoting less to goods such as computers and home furnishings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon helps deliver biggest increase in consumer spending in six monthsConsumer spending jumped 0.8% in July, aided by the biggest-selling Amazon Prime Day ever. 'Barbenheimer' and Taylor Swift also lent a hand.
Read more »
‘Barbenheimer’ Continues U.K. Box Office Rule for Sixth WeekThe “Barbenheimer” phenomenon continued at the U.K. and Ireland box office, occupying the top two positions for the sixth consecutive weekend. Warner Bros.’ “Barbie” c…
Read more »
– Early Projections Suggest a Race of ‘Strangers,’ Multiple ‘Killers’ and ‘Barbenheimer’Variety Awards Circuit section is the home for all awards news and related content throughout the year, featuring the following: the official predictions for the upcoming Oscars, Emmys, G…
Read more »
Taylor Swift, White Feminism, and the Illusion of InclusivityBeing neutral is not neutrality; it’s complicity.
Read more »
Taylor Swift Seemingly Just Made a Subtle Reference to Kanye West Interrupting Her at the VMAsDon't worry, fans caught the moment on camera!
Read more »