The Current Conditions component of the Index of Consumer Sentiment is one of the better indicators of consumer spending. It is suggesting that consumers feel wealthier and better off in general today than they have in many years…If they begin to increase their spending more rapidly, it will boost the entire US and global economy.
Posts Tagged ‘consumer’
As we approach the end of another year, the U.S. economy continues its measured recovery. Gross Domestic Product grew at a 2.5% annual rate in third quarter 2011, bolstered by consumer spending, investment and exports, and a 1.1% year-over-year increase in non-farm payrolls that resulted in a net gain of roughly 1.5 million new jobs. […]
Although the GDP report showed modest growth there are underlying signs of strength
Although I have been focusing on the importance of the business sector in this recovery, we can never forget the consumer. Even with slower growth, consumer spending in the second quarter of 2010 accounted for 70.3% of total GDP. This is less than the 71.3% it accounted for in early 2009, but still a considerable […]