[ad_1] Consumers pulled back their spending in December, as spiraling coronavirus caseloads kept many Americans at home late in the holiday season. Spending fell 0.6 percent last month, the first decline since February, the Commerce Department said Friday. Rapidly rising prices meant that spending, adjusted for inflation, fell 1 percent. The decline offered some of […]
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[ad_1] Consumer spending, a key engine of economic growth, has shown signs of stalling heading into 2022, amid rising prices and the Omicron wave. Economists surveyed by The Wall Street Journal estimate that consumer outlays declined by 0.7% in December from the prior month, as prices rose at their fastest pace in nearly four decades. […]
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[ad_1] NEW DELHI, Jan 17 (Reuters) – India’s gasoil sales declined in the first fortnight of January as rising COVID-19 infections hit consumer spending and truck movement in the country. Gasoil sales by the country’s state fuel retailers amounted to 2.47 million tonnes during Jan. 1-15, data compiled by state-owned refiners showed, down by 14.1% […]
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