Consumer Spending Growing Faster Than Previously Thought

Personal consumption grew 3.3%, annualized from 2%, according to new fourth quarter numbers.

Previously, the BEA [Bureau of Economic Analysts] estimated that GDP and personal consumption rose only 2.4% and 2.6% annualized, respectively, in Q4. The consensus forecasts of market economists published after the previous BEA estimate called for GDP growth and personal consumption growth of 2.7% annualized…

Previously, the BEA estimated that GDP and personal consumption rose only 2.4% and 2.6% annualized, respectively, in Q4. The consensus forecasts of market economists published after the previous BEA estimate called for GDP growth and personal consumption growth of 2.7% annualized.

By: Alan

Alan Colmes is the publisher of Liberaland.