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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.

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