For example, in the first year of recovery following the deep recessions of 1973 - 1975 and 1981 - 1982,
real consumer spending increased an average of 6.5 percent and residential investment rose an average of 38 percent.
Real consumer spending increased at a 2.25 percent annual rate over the second half of 2009 and looks to be growing at about that rate in the first quarter of 2010.
Not exact matches
Real personal consumption expenditures rose 0.1 % in December, positive but something of a disappointment compared with the big YoY
increase evident in Gallup's
consumer spending measure:
On the broader economy, Federated's Macro Economic Policy Committee recently nudged up its forecast for
real 2018 GDP growth a tick to 3.0 %, in part on the anticipated stimulative effects from tax reform, including
increased business and
consumer spending.
Given that the personal saving rate is still relatively low, it will be hard for
consumer spending to grow more quickly without large
increases in
real labor income.
Without
increases in
real wages or asset prices to drive
consumer spending growth, and business profits damped by high input prices, the only bright spot I can envisage will be the US export sector, which benefits from a weak US dollar.
If you factor in that 4 % impact explained above, that means that
real consumer spending has
increased about $ 2,000 per household, ultimately driving $ 17 billion into the Canadian economy.
They typically
increase because the economy is improving, which can benefit commercial
real estate in several ways: More job creation and
consumer spending bolster occupational demand for commercial space and may allow building owners to
increase rents (even if in - place leases do not allow rents to adjust immediately, expected future
increases are priced into current values).
Modest job growth, rising business confidence and higher levels of
consumer spending have resulted in a marked
increased in commercial
real estate activity.