All Posts Tagged: Q2
We can’t blame bad weather for another month of disappointing retail sales.
For more on this and other economic developments this week, see my full analysis. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on May 15.Key observations:
- In the last year, retail sales excluding motor vehicles haven’t grown at all, something rarely seen in the U.S.
- We have lowered our forecast for real consumer spending growth in Q2 from 3.8% to 3.2%.
- It doesn’t appear labor market worries are holding consumers back.
- There is a rising probability interest rate hikes could be delayed until the end of the year.
Before we get too excited Q2 GDP growth, let’s take a closer look at some of the components that make up this important economic indicator.Read More ›