The University of Michigan Consumer Sentiment Index increased 3.3% in March compared to the month prior, landing at 79.4, according to final results for the month. The March figure was up 28.1% from a year ago. The current conditions component of the index increased 3.9% from the month prior, landing at 82.5, while the consumer expectations index rose 2.9% to 77.4.
Consumer credit increased at a seasonally adjusted annual rate of 4.5% in October. Total outstanding credit increased to $5.113 trillion during the month. Revolving credit, largely a reflection of credit card debt, increased at an annual rate of...
U.S. consumers plan to spend an average of $677 on holiday gifts this holiday season, up 3.4% from $654 last year.
The University of Michigan Consumer Sentiment Index increased 3.4% in December compared to the month prior, landing at 74, according to preliminary results for the month.
The U.S. economy added 227,000 nonfarm jobs in November. The unemployment rate was little change at 4.2%.
The House voted in favor of the Prove It Act, which would strengthen federal standards that require regulatory agencies to consider the economic effects of regulation on businesses.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $73.8 billion in October, down $10.0 billion from $83.8 billion in September, revised.
