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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Consumer Spending news and technical articles from Oil & Gas Journal. Search Consumer Spending latest and archived news and articles
factors, including higher oil prices, lower equity prices, and softening home values, seem likely to weigh on consumer spending as we move into 2008 . . . "Even as the outlook for real activity has weakened, there have been some important
8-week high in the New York market as positive consumer spending data diminished fear of a double-dip recession ..... Pritchard Capital Partners LLC in Houston, said, “ Consumer spending in the US grew by 0.4% in August vs. consensus
against most currencies and US consumer spending fell amid doubts the economy ..... economy is losing its momentum. Consumer spending fell 0.5% in September after ..... August. Some of the decline in consumer spending was attributed to the expiration
and is not related to the amount of oil imported." US transportation relies heavily on oil products "that affect consumer spending in real time," it also noted. "As oil prices increase during crises such as those that occurred in 1973-74, 1979
is not related to the amount of oil imported.” US transportation relies heavily on oil products “that affect consumer spending in real time,” it also noted. “As oil prices increase during crises such as those that occurred in 1973-74, 1979
However, DOC officials expect the US economic growth rate to average 3%/year this year with job growth stimulating consumer spending . Such spending increased to 2.9% in the latest quarter, spurred by auto sales. In Houston, analysts with Raymond
were down 0.6% from a year ago. Overall demand was curtailed by continued economic weakness amid a decline in consumer spending , an increase in jobless claims, and an increase in the trade deficit. API figures show that motor gasoline deliveries
filings for jobless benefits in the latest week fell below 400,000. On Sept. 30, the Department of Commerce said consumer spending inched up just 0.2% in August following a revised 0.7% increase in July. However, US incomes dipped 0.1
sentiment about the health of the economy has declined since May, which is likely to result in continued sluggishness in consumer spending beyond food and gasoline. Falling gasoline prices will temper this negative sentiment if they continue to decline
were down 0.6% from a year ago. Overall demand was curtailed by continued economic weakness amid a decline in consumer spending , an increase in jobless claims, and an increase in the trade deficit. API figures show that motor gasoline deliveries