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The pace of consumer credit was rising at a 4.4percentt annual rate in August.
But the pace of consumer spending - accounting for more than half of the economy - ticked up from 0.8 per cent to 0.9 per cent.
The biggest surprise was the pace of consumer spending, which grew at 2.6 percent, not the 3.4 percent rate previously estimated.
The pace of consumer demand has elevated the concerns of Federal Reserve policy makers, who have raised interest rates five times since June to keep inflation from accelerating.
The primary factors are likely to be the pace of consumer price increases in the months ahead and the speed at which unemployment declines.
And the pace of consumer spending, as measured by personal consumption expenditures, increased each year -- 3.4percentt in 1997, 4.9percentt in 1998 and 5.3percentt in 1999.
Similar(36)
It is also the foundation on which can be built new business strategies that are able to move and evolve at the pace of consumers and markets.
The pace of the consumer computing world is moving so quickly that the researchers are building the PlayStation 2-based supercomputer as an experiment to see how quickly they can take advantage of off-the-shelf low-cost technologies.
But with the world's population reaching 7 billion last October, what should really spook us is the amount of resources available on our planet that cannot keep up with the pace of global consumer demand.
Six in 10 U.S consumers say they plan to spend as much or more over the next 30 days than they did during the previous 30 days, according to the credit card company, whose fortunes are tied to shopping and travel, suggesting that the pace of the consumer shift from spending to saving is at least leveling off.
"Disney decided to buy market share in India rather than pursue organic growth in part because of the quick pace of consumer change in the country; by the time Disney got its footing, the market would have most surely moved on".
More suggestions(15)
the flow of consumer
the pace of expansion
the lack of consumer
the pace of investment
the realm of consumer
the magnitude of consumer
the novelty of consumer
the death of consumer
the pace of pace
the cost of consumer
the gauge of consumer
the detritus of consumer
the strength of consumer
the side of consumer
the era of consumer
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com