Consumer spending is up 5.6% over the past 12 months.
Insight
January 12, 2017
US Economic Update: January 2017
According to the most recent surveys, business conditions and household sentiment are solid, and on an upwards trend.
Economic conditions remain solid as optimism rises
- Surveys show business conditions are solid, while small business and consumer sentiment has strengthened post-election.
- However, increases in interest rates and the US dollar may act as a constraint on growth until the expected fiscal stimulus kicks in later in the year.
- Partial data point to moderate, over 2% annualised GDP growth, in the December quarter.
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