Petar + 76 PP April 27, 2018 The report comes after data this morning showed that US economic growth cooled in the first three months of the year as consumer spending on cars, clothing and footwear decelerated. The final reading of the University of Michigan’s survey of consumers for April fell to 98.8 from 101.4 the previous month but was above a reading of 98 that economists had forecast. That was however more optimistic than the preliminary reading of 97.8. US consumer sentiment in April slipped to the lowest level in three months but topped economists expectations as consumers took an upbeat view of their finances, data on Friday showed. Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB April 27, 2018 2 minutes ago, Petar said: The report comes after data this morning showed that US economic growth cooled in the first three months of the year as consumer spending on cars, clothing and footwear decelerated... Probably because prices are increasing. Seriously, gas is up, Netflix went up, Amazon Prime is going up, groceries cost more. Ever since 'tax reform' passed, inflation seems to be accelerating... Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 27, 2018 Smells at a crisis .... According to Bloomberg, U.S. consumer sentiment eased last week from a 17-year high as Americans felt the pinch of higher gasoline prices. Sentiment decreased in Northeast, West; increased in Midwest, South. Sentiment declined among those earning less than $50,000 a year, underscoring the burden of rising fuel costs on lower-income Americans. Quote Share this post Link to post Share on other sites
Pavel + 384 PP April 27, 2018 Consumers are always the last to find out. Quote Share this post Link to post Share on other sites
pinto + 293 PZ April 27, 2018 Good eternal ol’ American optimism on the credit Quote Share this post Link to post Share on other sites
franco + 96 FM April 27, 2018 Generally, consumers are so gullible....I'm an example for that:) Quote Share this post Link to post Share on other sites
jpZelabal + 63 jj April 27, 2018 Yep. Higher gas prices are starting to hit consumer sentiment, particular among the lowest earners... Quote Share this post Link to post Share on other sites
Petar + 76 PP April 27, 2018 I’m concerned on the consumer side. Personal debt levels are higher than pre crash, interest rates are increasing, oil is rising again. I think families will use tax savings to first pay expensive debt down and any bump from consumer spending will be muted. Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 27, 2018 U.S. economy’s growth slowed to 2.3% in first quarter of this year. As I know, 1st Q is historically the weakest quarter. 2.3% is still not so bad, but it's concerning Quote Share this post Link to post Share on other sites
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