Consumer spending jumped 0.8% in July, aided by the biggest-selling Amazon Prime Day ever. 'Barbenheimer' and Taylor Swift also lent a hand.
The numbers: Consumer spending jumped 0.8% in July to mark the biggest gain in six months, aided by the biggest-selling Amazon Prime Day ever. The “Barbenheimer” movie blockbusters and massive Taylor Swift concert tour also lent a hand.Incomes rose 0.2% in July, the government said Thursday.
Yet while spending remained fairly strong during the summer, there are signs it’s may be starting to flag. Retailers have posted particularly tepid results in the latest quarter, for instance. They’ve shifted their spending in particular to services such as recreation and travel while devoting less to goods such as computers and home furnishings.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Amazon shoppers without Prime must now spend $35 for free shippingThe change doesn't impact Prime members who pay $14.99 per month, or $139 a year, for free shipping and other perks.
Weiterlesen »
Shopify says merchants can use Amazon's 'Buy with Prime' option By ReutersShopify says merchants can use Amazon's 'Buy with Prime' option
Weiterlesen »
Shopify says merchants can use Amazon's 'Buy with Prime' optionCanada's Shopify said on Wednesday Amazon will release an app in Shopify's app ecosystem that will give US-based merchants access to Amazon's 'Buy with Prime' option.
Weiterlesen »
Major News: Amazon Announced a Second Prime Day Event — Here's What We KnowPrime Big Deals Days is coming
Weiterlesen »
New On Amazon Prime Video: All 341 Movies & TV Shows Arriving In SeptemberWhat's coming to Prime Video?
Weiterlesen »