Consumer Spending

… trade that remains in our opinion a systemic risk. We expect that low trading volume will prevail today.” The consumer spending element of the first quarter GDP in the US was downgraded from 2.7% to 2.2%. “Most of the banks are lowering …

… 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 …

… 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 …

… 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 …

… 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 …

… pressure, while jet and gasoline could get some support from relatively low inventories.” In other news, US consumer spending stagnated in May, representing the weakest level since June 2010. “This is yet further proof of a softening economic …