Consumer spending spurs growth, while manufacturing weakens
First decline in six months
Manufacturing activity slips in August
Alarm raised by 22% drop in Chicago PMI for August
Consumer spending slows
GDP grows by 3.2%
U.S. consumer confidence strengthened in August as an improving job market outweighed rising gasoline prices, the Conference Board reported on Tuesday.The Conference Board said its consumer confidence index rose in August to 105.6 from a revised 103.6 in July.Analysts had predicted a decline in August to a reading of 101.5.Consumers were buoyed by better employment […]
Investors ignore "headwinds to growth"
Manufacturers’ prices slip
But core inflation rate slips