Pantheon Macroeconomics - In the wake of the September retail sales report, we can be pretty sure that real consumers' spending rose at a 2¾% annualized rate in the third quarter, slowing from the unsustainable 4.3% jump. That would mean consumption contributed 1.9 percentage points to headline GDP growth.

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17 October. 2016 Retail Sales are Noisy, but the Trend in Consumption Looks Solid

By Ian Shepherdson

In the wake of the September retail sales report, we can be pretty sure that real consumers' spending rose at a 2¾% annualized rate in the third quarter, slowing from the unsustainable 4.3% jump. That would mean consumption contributed 1.9 percentage points to headline GDP growth.

Posted: 17th Oct 2016 in 'U.S. Documents'

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