American Express Sees ‘Mixed Signals’ in Economy but Consumer Spending Still Strong

American Express Sees ‘Mixed Signals’ in Economy but Consumer Spending Still Strong
An American Express credit card in New Orleans on Aug. 11, 2019. Jenny Kane/AP Photo
Bryan Jung
Updated:
0:00

The CFO of American Express said that consumer spending trends remain strong, despite acknowledging “mixed signals” in the economy.

AmEx reported a 21 percent rise in cardmember spending in the previous quarter, as the goods and services and the travel and entertainment categories witnessed growth.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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