Pantheon Macroeconomics - The upward revisions to real consumers' spending in the fourth quarter, coupled with the likelihood of a hefty rebound in spending on utility energy services, means first quarter spending ought to rise at a faster pace than the 2.2% fourth quarter gain. Spending on utilities was hugely depressed in November and December by the extended spell of much warmer-than-usual weather.

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02 Feb. 2016 First Quarter Consumption Will be Better - Weather Effects Will Help

By Ian Shepherdson

The upward revisions to real consumers' spending in the fourth quarter, coupled with the likelihood of a hefty rebound in spending on utility energy services, means first quarter spending ought to rise at a faster pace than the 2.2% fourth quarter gain. Spending on utilities was hugely depressed in November and December by the extended spell of much warmer-than-usual weather.

Posted: 2nd Feb 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 02 Feb. 2016 First Quarter Consumption Will be Better - Weather Effects Will Help

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