Oct
19
Consumer Spending Leading Economic Growth, Says Moody’s
ByBy Paul Fiorilla, Associate Research Director, Yardi Matrix: Consumer spending continues to grow. So why are some retailers struggling so much?
Source: Moody’s Analytics
U.S. consumers are likely to continue buying goods and services at a steady rate, though that may not be enough to save some struggling retailers, according to an analysis by Moody’s Analytics.
Consumer spending in the U.S. has been growing by about 3 percent year-over-year, which is weak by historical standards when the country is not in a recession. However, the risks going forward are weighted to the upside, says Moody’s Senior Director Scott Hoyt…
