Omicron, inflation, and other challenges appear to be taking a toll on U.S. consumers. Data show that December 2021 sales were 1.9 percent below the previous month. This marks the first drop since summer 2021 when consumers were faced with rising Covid cases from the Delta variant.
Tag: net exports
Americans Are on a Spending Spree, But the Sugar Rush May be Wearing Off (Macro News for August 1, 2020 – August 7, 2020)
The government stimulus checks fueled US consumption during the months of May and June 2020. Consumer spending was up by 8.5% in May and 5.6% in June. However, many experts fear that trend will not continue unless the federal government finds a way to funnel more cash to consumers.
As the US Economy Slows, American Consumers Remain Strong (Macro News for July 27, 2019 – August 2, 2019)
The U.S. Commerce Department announced that second quarter economic growth was 2.1%. This growth rate was better than most economists forecast but still well below the 3.1% growth rate posted in first quarter of 2019. Second quarter growth was driven by strong consumer spending and higher government spending. However, business investment posted a big decline. (Click the headline to read the full article.)
Macroeconomic Weekly News Update December 22, 2018 – December 28, 2018
Shoppers Are Spending But It May Not Last
Pearson Economic News 