Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A comprehensive, collaborative elections resource." 
Email: Password:

  Consumer Spending Drop Largest in 3 Years
NEWS DETAILS
Parent(s) Issue 
ContributorRP 
Last EditedRP  Aug 03, 2004 06:13pm
Logged 0
CategoryAnalysis
MediaWebsite - Yahoo News: Iran
News DateTuesday, August 3, 2004 06:00:00 AM UTC0:0
DescriptionConsumers, the lifeblood of the economy, clutched tight to their wallets in June and caused the largest spending drop in three years. The Commerce Department reported Tuesday that consumers cut their spending by 0.7 percent in June from the previous month as high energy prices and a sluggish job market made for more cautious buyers.

Consumer spending accounts for roughly two-thirds of economic activity in the United States. Thus, it plays a crucial role in shaping an economic recovery.
Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION