Spending stronger than headline suggests - kpmg.com

1 day ago · Spending stronger than headline suggests. Record holiday travel failed to boost restaurant spending. January 16, 2025. Retail sales rose 0.4% in December after rising an …

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Spending Stronger Than Headline Suggests - Kpmg.com

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1 day ago · Spending stronger than headline suggests. Record holiday travel failed to boost restaurant spending. January 16, 2025. Retail sales rose 0.4% in December after rising an …

kpmg.com

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Can’t Hold Me Down: U.S. Consumer Spending To See An Upgrade

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Because the 2024 income revisions were far greater than the revisions to consumer spending, the household savings rate was revised meaningfully higher, from 3.3% to 5.2% in the second …

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A Top Chart Explains The Solid Spending - LPL Financial

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Both headline and core inflation rose 0.16% from a month ago. A bit softer-than-expected, keeping the annual rate of inflation in the upper twos. Jeffrey Roach: However, consumers are …

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Demand For Capital Goods Is Stronger Than Headline Numbers

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Oct 25, 2024 · There was a bright spot in the overall transportation component as orders for motor vehicles and parts climbed 1.1% after negative readings the past three months. Excluding the …

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US GDP: Details Stronger Than Headline. Inflation Upside Risks A …

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Relative to expectations, part of the downside surprise was driven by net exports, which subtracted a hefty 0.9% from headline growth. The drag was due to slowing exports and …

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Construction Spending Moves Sideways - Kpmg.com

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Jan 2, 2025 · November construction spending was flat on the month, missing expectations, but grew 3% from a year ago. October spending was revised lower. Slight growth in private sector …

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Trade Continues To Drag On Growth - Kpmg.com

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Nov 5, 2024 · In real terms, the goods deficit increased by less than the headline indicates. The nominal goods deficit increased by 15.3%, while the real goods deficit, adjusted for changes in …

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FAQs about Spending stronger than headline suggests - kpmg.com Coupon?

Is consumer spending a propulsive force for the economy?

Personal spending in September rose a half of one percent. While enterprise spending and the demand for AI is certainly a propulsive force for the economy, now is a good time for a reminder that consumer spending accounts for two-thirds of US GDP. (To be exact, it accounted for 67.9% in the third quarter). ...

How resilient is the economy in the third quarter?

Electronic store sales fell 3.3% while furniture store sales declined 1.4%. The economy continues to exhibit remarkable resiliency. The September retail sales data suggest that third quarter GDP could clock in near 3% growth for the quarter, the same as the second quarter. The economy continues to exhibit remarkable resiliency. ...

Is consumer spending ripe for 2% in 2025?

The larger cushion of savings alongside the upward income revision and September’s surprisingly strong employment report suggests some upside to the consumer spending outlook, which is now expected to run closer to 2% in 2025. We have long thought that consumer spending was ripe for at least a few quarters of below average growth. ...