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Consumer Spending

US economy grows at annualized pace of 2.3% in second quarter

The US economy expanded at an annualized rate of 2.3% in the second quarter, according to official data. This follows…

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Mers hits South Korea's economy as second quarter growth slumps to 0.3%

The Mers outbreak, together with weak exports, has hit South Korea’s economic growth. In the second…

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US: 223,000 jobs added in April; unemployment rate drops to 5.4%

US firms added 223,000 new jobs in April, a substantial improvement from March when only 85,000 jobs were added, according…

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US: Economic growth slows down in Q1 of 2015

The US economy slowed down to a growth rate of 0.2% in the first quarter of 2015,…

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US growth slows in fourth quarter of 2014; consumer spending increases by 4.3%

The US economic growth slowed down in the last quarter of 2014 despite growing consumer confidence triggered by low fuel…

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Manufacturing growth in China slows

China’s manufacturing growth slowed last month, according to an official survey. The Purchasing Managers Index (PMI) dropped from 51.1 in…

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US 'vice Index' reading is low

The vice index, which keeps a track of the consumer expenditure on prostitutes and booze showed an extremely low reading…

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