Report

Data Round-Up: Real Consumption Headed for Robust +4.5% Growth in 16Q2

posted by Michael Lewis on June 29, 2016

Found in US, categorized in Macro

Tags: FMI michael lewis May Personal Income & Consumption

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Headline

Consumer continues to rally. Real consumption is now on track for a robust +4.5% gain in 16Q2. Consumption averaged a healthy +3% in the first half, and expecting the consumer to hold close to the pace in 2016-H2 amid respectable job/income gains.

Abstract

Consumers continue to rally. Real consumption is now on track for a robust +4.5% gain in 16Q2. Even with the downward revision to 16Q1, consumption averaged a healthy +3% annualized in the first half. The consumer will hold close to this pace in 2016-H2 amid respectable job/income gains, and tracking +2.75 % real GDP growth for 16Q2.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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