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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Nov 26 2013

Consumer Spending Prospects

Last week, a headline measure of consumer spending, retail sales, came out stronger than expected. However, a closer look reveals that real retail sales growth is flagging for many categories of goods and services. How should one reconcile these competing signals?

ECRI’s latest study investigates the prospects for consumer spending growth in light of widespread discounting by retailers in anticipation of this holiday shopping season. It reveals a definitive trajectory of consumer spending, which accounts for about 70% of U.S. GDP.

Related News & Events

Fed Policy & the Business Cycle

BNN November 14, 2013

ECRI talks with BNN about global central bank policy targets and the business cycle. More

 

Major Central Bank Actions in Line with ECRI

Bloomberg November 4, 2013

ECRI's Lakshman Achuthan joined Bloomberg TV this morning to discuss central bank actions. More