consumer spending

Brazil’s middle class swells as 35 mn climb out of poverty


September 21st, 2012 - 12:24 pm ICT by IANS
Rio de Janeiro, Sep 21 (IANS/EFE) Roughly 35 million Brazilians have climbed out of poverty over the last decade and 53 percent of the country's nearly 194 million people now ... Read more...

Posted in Business |

Brazil’s economy growing again, says finance chief


September 20th, 2012 - 11:47 am ICT by IANS
Paris, Sep 20 (IANS/EFE) The Brazilian economy is accelerating after a slow first half of 2012 and will remain on a growth trajectory, the country's finance minister said Wednesday in ... Read more...

Posted in Business |

Australian consumer confidence rises


September 12th, 2012 - 2:05 pm ICT by IANS
Sydney, Sep 12 (IANS) The confidence of Australian consumer has risen slightly but remains weak, a survey released Wednesday by Westpac Banking Corp and the Melbourne Institute of Applied Economic ... Read more...

Posted in Business |

Recession-hit Italian hotels report fewer guests in 2012


September 7th, 2012 - 8:15 am ICT by IANS
Rome, Sep 7 (IANS/AKI) The number of guests in hotels in recession-hit Italy fell during the first eight months of this year, according to a study.Between January and August, the ... Read more...

Posted in World |

Spanish economy shrinks


August 29th, 2012 - 11:23 am ICT by IANS
Madrid, Aug 29 (IANS/EFE) The Spanish economy shrank 0.4 percent in the second quarter after a contraction of 0.3 percent in the first three months of the year, the National ... Read more...

Posted in Business |

Lower EMIs for consumer durables, Chidambaram tells PSBs (Lead)


August 18th, 2012 - 8:00 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday called for increased consumer spending as a booster shot to the sagging economy and asked bankers to lower EMIs ... Read more...

Posted in Business |

Brazil’s economy grows at fastest clip in 15 months


August 18th, 2012 - 1:24 pm ICT by IANS
Brasilia, Aug 18 (IANS/EFE) Brazil's economy expanded by 0.75 percent in June relative to the previous month as tax breaks stimulated growth, the central bank said.The uptick in the bank's ... Read more...

Posted in Business |

US consumer credit up


August 8th, 2012 - 1:33 pm ICT by IANS
Washington, Aug 8 (IANS) US consumer credit increased at an annual rate of 3 percent in June, a positive sign of growing confidence in the economy, the Federal Reserve reported.The ... Read more...

Posted in Business |

US consumer confidence slips


July 28th, 2012 - 1:26 pm ICT by IANS
Washington, July 28 (IANS) The US consumer confidence continued to decline in July after hitting a 4.5-year high in May, as the job growth is slowing and food prices are ... Read more...

Posted in Business |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

US consumer sentiment slides


June 15th, 2012 - 10:10 pm ICT by IANS
New York, June 15 (IANS) US consumer sentiment dropped to a six-month low in June, on worries about the weakness in job market, according to a report Friday.The Thomson Reuters/University ... Read more...

Posted in Business |

Russian media market to grow to $39 bn by 2016


June 14th, 2012 - 9:37 pm ICT by IANS
Moscow, June 14 (IANS/RIA Novosti) Russia's entertainment and media market will grow to $39 billion by 2016, with consumer spending in the sector to grow at an average annual rate ... Read more...

Posted in Entertainment |

US retail sales down 0.2 percent


June 13th, 2012 - 10:58 pm ICT by IANS
Washington, June 13 (IANS) US retail and food services sales decreased 0.2 percent in May, the Commerce Department said Wednesday.The department said the combined retail and food services sales in ... Read more...

Posted in Business |

Japan ups growth rate


June 8th, 2012 - 1:05 pm ICT by IANS
Tokyo, June 8 (IANS) Japan Friday raised its economic growth to 4.7 percent for the January-March quarter from the previous 4.1 percent.The real GDP figure for the period is equivalent ... Read more...

Posted in Business |

US economic growth down to 1.9 percent


May 31st, 2012 - 8:22 pm ICT by IANS
Washington, May 31 (IANS) US economic growth slowed to an annualised rate of 1.9 percent in the first quarter of the year, down from an initial estimate of 2.2 percent.The ... Read more...

Posted in Business |

US consumer credit posts robust gain


May 8th, 2012 - 3:27 pm ICT by IANS
Washington, May 8 (IANS) US consumer credit increased at an annual rate of 10.2 percent in March this year, fresh evidence of the ongoing recovery of the world's largest economy, ... Read more...

Posted in Business |

US consumer spending up 0.3 percent


April 30th, 2012 - 10:27 pm ICT by IANS
Washington, April 30 (IANS) The US personal consumption expenditures (PCE) rose by 0.3 percent in March, the US Commerce Department said Monday.The US savings rate, personal saving as a percentage ... Read more...

Posted in Business |

US economy slowed in first quarter


April 28th, 2012 - 12:08 pm ICT by IANS
Washington, April 28 (IANS/EFE) The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US ... Read more...

Posted in Business |

Spanish economy back in recession


April 24th, 2012 - 10:51 am ICT by IANS
Madrid, April 24 (IANS/EFE) Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according ... Read more...

Posted in Business |

Britain’s consumer spending slows in March


April 24th, 2012 - 7:19 am ICT by IANS
London, April 24 (IANS) British consumer spending power continued to slow in March, dropping by 1.1 percent compared to a year earlier reaching the lowest level since February 2011, Lloyds ... Read more...

Posted in Business |

China’s Q1 retail sales up


April 13th, 2012 - 1:43 pm ICT by IANS
Beijing, April 13 (IANS) China's retail sales grew 14.8 percent year-on-year to 4.93 trillion yuan ($770 billion) in the first quarter of this year, according to figures released by the ... Read more...

Posted in Business |

ADB sees Indian economy growing at 7 percent


April 11th, 2012 - 7:38 pm ICT by IANS
New Delhi, April 11 (IANS) India's economic growth is likely to rise marginally to 7 percent this fiscal from 6.9 logged in 2011-12 as global conditions stabilise, the Asian Development ... Read more...

Posted in Business |

US stocks close mixed


March 31st, 2012 - 3:57 am ICT by IANS
New York, March 31 (IANS) US stocks Friday closed mixed at the end of a strong first quarter, as investors weighed the latest development in the eurozone and conflicting US ... Read more...

Posted in Business |

US retail sales go up


March 14th, 2012 - 11:49 am ICT by IANS
Washington, March 14 (IANS/EFE) Sales at US retail outlets increased by 1.1 percent in February to an annualized volume of $407.8 billion, the highest in five years, the Department of ... Read more...

Posted in Business |

Brazilian economy grew 2.7 percent in 2011


March 7th, 2012 - 12:09 pm ICT by IANS
Rio de Janeiro, March 7 (IANS/EFE) The Brazilian economy grew 2.7 percent last year compared with 7.5 percent in 2010, a statistics agency said Tuesday.Brazil's gross domestic product climbed to ... Read more...

Posted in Uncategorized |

Canada’s economy grows 2.5 percent in 2011


March 3rd, 2012 - 2:08 pm ICT by IANS
Ottawa, March 3 (IANS) Canada's economy grew 2.5 percent in 2011, down from 3.2 percent in the previous year, but it is much better than the economists' estimates a few ... Read more...

Posted in Business |

Italy’s 2011 debt-to-GDP ratio at record levels


March 3rd, 2012 - 1:45 pm ICT by IANS
Rome, March 3 (IANS) Italy's debt rose to 120.1 percent of GDP last year from 118.7 percent in 2010, the highest level since 1996, the national statistics institute Istat said.The ... Read more...

Posted in Business |

US consumer spending, income up in January


March 2nd, 2012 - 1:26 am ICT by IANS
Washington, March 1 (IANS) US family incomes rose for the second consecutive month in January and boosted their spending, a positive sign for economic recovery, the US Commerce Department said ... Read more...

Posted in Business |

US economy grew faster than thought in fourth quarter


March 1st, 2012 - 11:52 am ICT by IANS
Washington, March 1 (IANS/EFE) The US economy grew at a 3 percent annual rate in the last three months of 2011, faster than the 2.8 percent initially thought, the Commerce ... Read more...

Posted in Business |

Bank of Canada warns of growing mortgage debt


February 24th, 2012 - 1:42 pm ICT by IANS
Ottawa, Feb 24 (IANS) Canadian homeowners are loading themselves with too much debt and face serious problems if house values start to drop, the Bank of Canada warned Thursday.For months, ... Read more...

Posted in Business |

US forecasts slow economic growth in coming quarters


February 16th, 2012 - 1:37 pm ICT by IANS
Washington, Feb 16 (IANS) The US Federal Reserve Wednesday said it expected the US economy to continue expanding slowly in coming quarters, as it was weighed down by a ... Read more...

Posted in Business |

Philippine GDP growth slows in 2011


January 30th, 2012 - 1:27 pm ICT by IANS
Manila, Jan 30 (IANS) The Philippine economy slowed to 3.7 percent in 2011, dragged down by lower government spending, declining exports and slack farm growth."Amidst the obstinate exogenous economic woes, ... Read more...

Posted in Business |

US retail sales up in December


January 13th, 2012 - 6:46 am ICT by IANS
Washington, Jan 13 (IANS) US retail and food sales rose slightly in December, marking the weakest monthly increase in seven months, the Commerce Department said Thursday.It said the combined retail ... Read more...

Posted in Business |

US holiday spending up 4.1 percent over 2010


December 29th, 2011 - 12:11 pm ICT by IANS
Washington, Dec 29 (IANS/EFE) In the five weeks before Christmas, a US consumer spent an average of $78 per day, that is 4.1 percent more than during the same period ... Read more...

Posted in Business |

US consumer spending goes up in November


December 24th, 2011 - 2:09 pm ICT by IANS
Washington, Dec 23 (IANS) US families slightly boosted their spending in November with their take-home income rising at a slow pace, authorities said Friday.Real personal consumption expenditures (PCE), consumption after ... Read more...

Posted in Business |

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