Drop in ruralco profits, up over 50% for the past 12 months (to an average of $1,600 a month) after growing by just 2% in the last 12 months…
This week’s BLS quarterly data showed a 4% increase in retail sales and another 50% increase in net income, the smallest increase in the past six years. These trends were driven by:
Higher consumer spending
Reversal of the impact of inflation
Higher gasoline prices
A more stable business environment
Higher quality retail sales and product mix…
The U.S. economy is바카라사이트 currently facing a difficult time, even if these statistics do not change the outlook for the coming months. We expect a 2% rate of growth (assuming full-year GDP growth) for 2016, based on바카라 3.1% growth for the first quarter. The U.S. economy may even recover somewhat in the second quarter, though it is not expected to grow as quickly as for earlier in the year. At the same time, with low growth for most of 2016, a recession could ensue if the federal unemployment rate does not rise quickly, and the labor force participation rate, the share of the population employed, falls rapidly.
But with consumer spending up a big 50% in the last 12 months, the U.S. economy is not in a “depression” like many think. For the first time, the U.S. has seen robust consumer spending growth in four quarters, from 2015 to 2016. At this pace, consumer spending will grow at 3% or faster in 2015, just 3 months after a 2.7% gain in 2016. Consumer spending could continue its strong growth rate, because of a steady fall in consumer borrowing costs and in an inflation-adjusted economy. This would allow the economy to continue the rapid expansion of the consumer spending trend that continues to accelerate…
With an average 12.3% annualized rate of growth, consumer spending is growing faster than the economy as a whole. When averaged, consumer spending is expected to grow faster than GDP, growing 3.9% this ye바카라사이트ar compared to 3.3% projected last year. A strong job growth rate, plus higher energy prices will also boost consumption in the U.S. This “jobs growth multiplier” has grown for at least five quarters now and will continue to increase…
… The U.S. economy has benefited greatly from a strong housing and consumer sector. More than 60% of the nation’s households, or