U.S. Consumers Not Out of Gas
76 views · Published 17 April 2012 · 4:18 · Indexed 1 October 2026
Channel: The Wall Street Journal · 2012 · Film & Animation
High gasoline prices and inadequate savings were supposed to drive American consumer spending onto the rocks. So much for that. Retail sales rose 0.8% in March from a month earlier, the Commerce Department reported Monday, just the latest in a string of reports that have prompted economists to boost their views of U.S. consumers' strength. The data now in hand suggest that real consumer spending grew at a 2.5% annual rate in the first quarter, according to Macroeconomic Advisers' tracking model. At the start of March, spending was on pace to grow by just 1.3%. Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
