Consumer Spending January 2024. Through the year, household spending increased for both. Advance retail sales declined 0.8% for january, down from a 0.4% gain in december and worse than the estimate for a 0.3% drop.
Real consumer spending decreased 0.1. Got off to a slow start in the new year, perhaps a hangover from a big holiday shopping season.
Real Dpi Decreased Less Than 0.1 Percent In January.
Household spending increased 3.0% through the year on a current price, calendar adjusted basis.
Got Off To A Slow Start In The New Year, Perhaps A Hangover From A Big Holiday Shopping Season.
Consumer spending should grow around 2.0% in 2024.
The Stronger Than Expected Growth Was Driven Mostly By Consumer Spending And.
Images References :
The Consumer Buckled At The Start Of The New Year.
After inflation adjustment the gain was still 3.2%.
Consumer Demand Was Strong In December, Fueled In Large Part By Demand For Durable Goods And Services, As Well As Holiday Spending.
Americans have slowed down some of their spending and expect to pull back a little more, but paying down debt โ and still having some fun.