Profit reports turn spotlight on consumer spending (AP)

April 26th, 2009 | by |

FILE - In this July 18, 2005, file photo, Dan Louzon, of Livonia, Mich., shops for a Whirlpool washing machine at Carmack Appliance in a Garden City, Mich. Whirlpool is the world's largest manufacturer and marketer of major home appliances, and its performance is often reflective of the industry as a whole. (AP Photo/Paul Sancya, File)AP – When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s why the latest string of quarterly reports will be closely watched for any indication that consumers feel more confident about parting with their money.

Source:Profit reports turn spotlight on consumer spending
(AP)

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