Swiss Economicblogs.org
Data on US consumer spending in July were quite robust, auguring well for consumer spending growth in Q3. Data on US household consumption and income were published today (29 August) by the Bureau of Economic Analysis. Real personal consumption rose by a solid 0.3% m-o-m in July, slightly above consensus estimates (+0.2%). Previously published data on retail sales were soft, but car sales and output of utilities for July had been quite upbeat, suggesting a healthy reading for overall...
Read More »US consumption growth is on a strong footing
