Tag: consumer spending
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Consumers Resetting, Not Recovering
Media Post News: Consumers Resetting, Not Recovering An extensive new study from NPD Group finds that no matter what's going on with the economy, people aren't so much recovering as they are resetting. "Overall, consumers have reached this new equilibrium of spending and making decisions about things like groceries and apparel and electronics and automotive,"…
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Consumer spending, manufacturing better than expected
USA Today: Consumer spending, manufacturing better than expected (HT: Victor Claar) WASHINGTON (AP) — Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other non-durable items, and a private measure of the nation's manufacturing sector contracted for the 13th straight month in February, but…