U.S. Consumer Spending Improves, Boosting Economic Growth

    March 1, 2012
    The Commerce Department said Wednesday that the economy expanded at a 3 percent annual rate in the October-to-December quarter — the fastest pace since the spring of 2010, driven largely by stronger consumer spending.

    The Commerce Department said Wednesday that the economy expanded at a 3 percent annual rate in the October-to-December quarter — the fastest pace since the spring of 2010, driven largely by stronger consumer spending, according to the Associated Press. For the full story, click here. 

    Editor’s Insight: In the last quarter, indications were positive for the nation’s economy, until the recent spike in fuel prices hit. The rising fuel prices will impede economic recovery.

    Vending and refreshment service operators need to stay focused on improving their operations. There are many new products and tools available that help operators make their operations more efficient and allow them to improve customer service.

    Because of the many exciting new products and technologies available, the vending and refreshment services industries should be growing, despite a challenging economy. 03-01-12 By Elliot Maras