Posts Tagged ‘consumer spending’

US Jobless Claims Down Moderately, Personal Spending Misses Mark

by Christopher Lemieuxon June 26, 2014 1:52 pm BST
The US initial jobless claims declined moderately by 2,000 to 312,000 in the week ending on June 21, according to Labor Department figures. The print was less than forecasted with analyst consensus expecting a decline to 310,000 weekly jobless claims. The previous week’s figure was revised upwards to 314,000 from 312,000 jobless claims. Continuing jobless claims […]

USDCAD Higher After Canadian GDP Inline with Forecasts

by Christopher Lemieuxon May 30, 2014 2:24 pm BST
The greenback gains against the Canadian dollar after data shows that Canada’s gross domestic product came inline with expectations at .1 percent, following the previous quarter’s .2 percent expansion. The poor showing was blamed on a harsh winter that hindered construction, business spending and exports. According to Statistics Canada, annualized gross domestic product was revised […]

US Consumer Spending Falls Below Expectations, Savings Rate Increases

by Christopher Lemieuxon May 30, 2014 2:04 pm BST
US consumer spending declines below economist expectations in April as incomes slow. Household spending fell .1 percent after a one percent gain in March, according to data from the Commerce Department. “The March gain in spending was huge, and April brings us back to something more reasonable,” said Stephen Stanley, chief economist at Pierpont Securities […]

Japanese Consumer Spending Deteriorates, IMF Wants More Reforms

by Christopher Lemieuxon May 30, 2014 12:57 pm BST
The Bank of Japan (BoJ) may be optimistic that the three percent tax hike last month will not deter consumer spending, but April’s consumer spending and production figures came in less than expected. Questions about the longevity of Japan’s growth spurt still remain to be answered. The International Monetary Fund (IMF) wants to see even […]