By Victoria Thieberger NEW YORK, July 30 (Reuters) - Consumer spending should pick up again in coming months as the job market improves and incomes rise, after Americans uncharacteristically turned frugal in the second quarter, economists say. High oil prices bore much of the blame for the unexpectedly modest 1.0 percent increase in consumer spending in the quarter ended in June, the weakest pace since the 2001 recession. It was around half of Wall Street's expectations. "Income ...
Premium Content (PAID Subscription Required)
"Pause in U.S consumer spending won't last-analysts" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.