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Showing posts with the label U.S. Census Bureau

Consumer Spending Rebounds Over the Holidays

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Consumers are all smiles as they open their checkbooks and walk into the stores in search of great deals for the holidays. After stretching Black Friday beyond its traditional one day bonanza they have shocked us again with their spending vibrancy.   According to a report by the U.S. Census Bureau retail and food service sales improved 7% beyond last month and 5.1% when compared to last year. The numbers took into account seasonal differences, holiday sales and trading-day differences. Consumers are buying more because they feel optimistic about the economy and their living costs are declining on a number of fronts thereby leaving them more discretionary income.  The extra money didn't  sit around long and got swept up into the latest deals and products that improved higher retail and food buying rates. Dining and shopping have made a comeback. Consumer spending is one facet of a stronger economy. To have a fuller recovery it is necessary to improve manufacturing and e