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Despite rising interest rates, consumers increased their spending in July

by Kimberly Adams

Aug 31, 2023

But what they're spending their money on is shifting.

Despite climbing interest rates, consumers spent .9% more on goods in July than in June.

Justin Sullivan/Getty Images

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The U.S. may still avoid a recession, retail sales indicate

by Sabri Ben-Achour

Jul 18, 2023

Retail sales were soft but not terrible in June. More importantly they are at least keeping up with inflation, and don't foreshadow a recession.

Kena Betancur/Getty Images

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April retail sales data add confusion to an already confusing economy

by Kristin Schwab

May 16, 2023

Between the pandemic and its economic ripple effects, the consumer experience has been a wild ride.

While consumers are cutting back on buying big-ticket items like appliances, there’s still pent-up demand for services.

Joe Raedle/Getty Images

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Spending on services is starting to taper off, U.S. data indicates

by Justin Ho

Jan 27, 2023

Until recently, consumers had been spending less on goods and more on services. That's changing. Here's what it could mean for inflation.

While consumer appetite to travel remains strong, more people are opting to drive rather than fly.

Joe Raedle/Getty Images

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As Americans spend on experiences, inflation declines for goods and rises for services

by Matt Levin

Dec 23, 2022

It's a tale of two inflations: goods versus services.

After the heights of the pandemic, Americans decided to gorge in-person activities like dining out.

Spencer Platt/Getty Images

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With warehouses full, retailers look to store goods outside

by Justin Ho

Nov 16, 2022

The “industrial outdoor storage” industry has been booming during the pandemic, as retailers try to find creative places to park their goods — literally.

With warehouse space in high demand, some retailers look to facilities with larger parking lots to store goods outdoors.

Kyryl Gorlov/Getty Images

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Waiting for another inflation report, with concern

by Matt Levin

Aug 9, 2022

Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.

While rising prices for services, like styling hair, worry economists, prices for some goods may be dipping.

Rodin Eckenroth/Getty Images

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GDP dips by 0.9% in second quarter, but consumers are still spending

by Sabri Ben-Achour

Jul 28, 2022

While consumers cut back on goods spending, spending on services jumped.

Spencer Platt/Getty Images

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We're saving less. Will we spend less?

by Sabri Ben-Achour

Jun 14, 2022

After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.

Travelers board a train in Washington, D.C. Partially fueled by pent-up demand for services, consumers are spending down their savings.

Drew Angerer/Getty Images

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Consumers are spending on services again as the pandemic shopping spree for goods cools

by Sabri Ben-Achour

May 31, 2022

People want to get outside and do stuff, not just buy stuff. That's reflected in surging travel bookings — and airfare.

Consumers are still spending on big-ticket, durable goods like furniture. But now demand for services is picking up again.

Brandon Bell/Getty Images

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Despite rising interest rates, consumers increased their spending in July

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The U.S. may still avoid a recession, retail sales indicate

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April retail sales data add confusion to an already confusing economy

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Spending on services is starting to taper off, U.S. data indicates

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As Americans spend on experiences, inflation declines for goods and rises for services

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With warehouses full, retailers look to store goods outside

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Waiting for another inflation report, with concern

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For public good, not for profit.

GDP dips by 0.9% in second quarter, but consumers are still spending

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Consumers are spending on services again as the pandemic shopping spree for goods cools

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