Report
Data Round-Up: Soft July Points to Only +1% Real Consumption Gain for 14Q3
posted by Michael Lewis on August 29, 2014
Found in US, categorized in Growth Outlook and Business Cycle

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Headline
Consumers pocketed their modest income gains in July. After that soft start, we now expect 14Q3 real consumption to be up only +1% annualized; FMI had been looking for +2%.
Abstract
FMI’s analyses of today’s July Personal Income & Consumption report and August Chicago Purchasing Managers Index and other Regional Surveys.