Economy

Economy

US consumers show signs of flagging, companies and analysts warn

Stay informed with free updatesSimply sign up to the US economy myFT Digest -- delivered directly to your inbox.US consumers are showing signs of flagging after helping to prop up the world’s largest economy since the pandemic, according to a growing number of companies, economists and investors.This week’s shaky start to the corporate earnings season has fuelled concerns that consumer strength has peaked, despite data on Thursday showing stronger than expected GDP growth in the second quarter, thanks in part to consumption spending. Kathy Bostjancic, chief economist at Nationwide Mutual,...
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