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US Personal Spending Ends Q2/16 on a Strong Note

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 2, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Nominal spending on non-durable goods jumped by 0.7%, in part boosted by higher prices for gasoline but with volumes also up by 0.3%. Nominal sales of durable goods declined by 0.3% but were up 0.4% in volume terms. Spending on services jumped by 0.5%, in part reflecting a weather-related rise[​IMG]

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