Pantheon Macroeconomics - Markets weren't impressed by the sub-consensus consumption numbers for April, reported yesterday, but the undershoot was all in the we ather-related utility component, where spending plunged 5.1% month-to-month. The process of post-winter mean reversion is now complete.

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2 June. 2015 Q2 Consumption Heading for 2.5% - Q3 Should be Far Stronger

By Ian Shepherdson

Markets weren't impressed by the sub-consensus consumption numbers for April, reported yesterday, but the undershoot was all in the we ather-related utility component, where spending plunged 5.1% month-to-month. The process of post-winter mean reversion is now complete.

Posted: 2nd Jun 2015 in 'U.S. Documents'

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