Tag Archives: US savings rate

Macroview Our forecasts for US GDP growth remain unchanged, and we continue to expect a 25bp rate hike in December, followed by two others in 2017. Core retail sales in the U.S. rose by ‘only’ 0.1% month on month ( m-o-m) in September, below consensus expectations. Moreover, the July number was revised down. The result was that core retail sales were almost flat (+0.3% quarter on quarter (q-o-q) annualised in Q3), much lower than the 6.9% rise seen in Q2. Nevertheless, we continue to believe...

Macroview Latest data suggest spending growth could top 3% this quarter and remain buoyant for rest of the year Read full report here As widely expected, US consumer spending data for April were quite strong. The data, released on 31 May, showed that real personal consumption rose by a strong 0.6% month-on-month, slightly above consensus estimates (+0.5%). Data on April retail sales, car sales and output of utilities already published had been quite upbeat, suggesting a solid reading...