Sentences with phrase «drag on consumer spending»

Recent tax increases — especially the payroll - tax increase — have created a drag on consumer spending.

Not exact matches

«Our view has been that the boost to real incomes from lower energy prices — and its positive impact on consumer spending — would offset the drag from energy - related investment, resulting in gains for US GDP growth on net,» Hui Shan and Zach Pandl said in their report.

In an economy where consumer spending drives about 70 % of economic activity, suppressed wages will continue to drag on America's post-crisis recovery.

In the second quarter, though, these drags on growth were offset by strong consumer spending, resulting in a solid pace of PDFP growth.

Consumer spending in particular exerted a -0.5 % drag on GDP growth, and appears to have continued into the new year with a -0.2 % fall of consumer spending in January despite better employment growth (+1.4 % yoy) and lower unemployment (3.2 % in JConsumer spending in particular exerted a -0.5 % drag on GDP growth, and appears to have continued into the new year with a -0.2 % fall of consumer spending in January despite better employment growth (+1.4 % yoy) and lower unemployment (3.2 % in Jconsumer spending in January despite better employment growth (+1.4 % yoy) and lower unemployment (3.2 % in January).

Just as important, at a time when fears over China's slowing economy are widespread and there's evidence of retail saturation in the country's major metropolitan areas, nearly half of survey participants said they expect to be better off financially in the next 12 months — and they are eager to spend, contrary to gloomy assumptions about the drag of sluggish economic growth on consumer sentiment.