Report
Data Round-Up: Real Consumption Headed for Robust +4.5% Growth in 16Q2
posted by Michael Lewis on June 29, 2016
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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.