Tag Archives: consumer spending

Lower Retail Sales Hint at Weaker Economic Growth Ahead

Popular Economics Weekly Fred U.S. retail sales that mirror consumer spending, which powers some two-thirds of U.S. GDP growth, fell for the first time in seven months in September, raising fears that a slowdown in the American manufacturing sector could … Continue reading

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Q2 GDP Growth Unchanged

Popular Economics Weekly BEA.gov In the face of declining consumer confidence, but strong consumer and government spending, the third estimate of second quarter GDP growth was unchanged at 2 percent. The BEA reported the increase in real GDP in the … Continue reading

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Q2 GDP Growth Slowing—What Else?

Popular Economics Weekly BEA.gov The 2nd estimate of second quarter Real Gross Domestic Growth slowed to 2 percent, from 3.1 percent in January. It looks like GDP is slowing to the average rate that has prevailed since the end of … Continue reading

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It’s Up To the Consumers!

Popular Economics Weekly Consumers are feeling good enough to keep the US economy from sinking into recession at the moment. The consumer sentiment survey edged up to 98.4 this month from 98.2 in June, according to a preliminary reading from … Continue reading

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Are Consumers Happy, Will Continue to Spend?

Financial FAQs I mentioned last week the big question remains, with March’s initial estimate of Q1 GDP growth, will consumers continue to maintain their share of consumption and continue to boost economic growth? Today’s release of February and March Personal … Continue reading

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First Quarter GDP Growth Beats Estimates

Popular Economics Weekly Surprise, surprise, first quarter GDP growth beat the estimates of economists and pundits, but it wasn’t for the usual reasons. Spending at the state and local level jumped 3.9 percent after a 1.3 percent drop in the … Continue reading

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March Job Creation Exceeds Population Growth

Popular Economics Weekly Stanford economist and Former Chief Economic Advisor Ed Lezear said this morning on CNBC that job creation still exceeds population growth, which is a sign the US economy continues to expand, but at a slower rate. “Total … Continue reading

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