All Posts Tagged: consumer spending
Consumers continued to grow their spending in January in line with our forecasts. January’s advanced retail sales report showed a 0.3% gain on the month with retail sales excluding autos also increasing 0.3%. There was a small downward revision in December’s headline retail sales gain to 0.2% from 0.3% as originally reported.Read More ›
Consumer confidence has rebounded strongly since August.
Record stock market prices and continued job growth have helped revive consumers’ spirts in recent months. The University of Michigan’s consumer sentiment measure jumped to 99.8 in its final reading for January – a full 10 point gain off the August lows and not far from the expansion highs of 101.4 hit way back in March of 2018.
For the first time since early 2018 when the U.S.-China Trade War came on the scene and early 2019 when Brexit deadlines came and went, we believe downside tail risks for the U.S. and global economy are measurably easing.Read More ›